EU Set to Impose Ban on Insuring Russian Oil

“The European Union’s pledge to ban most Russian oil is forcing it to rewire an economy that is geared to run on cheap Russian fuel—and threatens to deprive Moscow of revenue from its most valuable export,” the Wall Street Journal reports.

“The EU also is set to agree on a ban on insuring ships that carry Russian oil, officials and diplomats familiar with the measure said, a move designed to strangle Russia’s access to international oil markets.”