Guardian - Live Blog: Reports in it's 2.40pm post the following, " The price cap on Russian seabourne oil has been expanded to the G7 and Australia, after it was agreed by EU countries. Poland had held out on a lower amount than the $60 a barrel that was agreed....Kremlin spokesperson Dmitry Peskov said Russia would “not accept this ceiling”. "
Lets Get Real:
The point of this move by the EU and other Western hemisphere powers is to curb the amount of money that Russia gets for its oil and restrict its actions in the Ukraine. A total ban on Russia oil would be to risky for the West, as it is now, Putin can pull the plug anytime he wants, and one expects this kind of move in the WINTER should it be bad. It is reported that the this WINTER will be mild, one never knows with British weather ( this blog went through three phases on a bus trip, rain, snow and the sun at the end ) thus one can hope, but the UK Government should make sure that the UK and the West has enough reserve oil for the winter should it be rough. A harsh winter in the Ukraine should lead to a WAR of ATTRITION between the Ukraine and Russia, the Ukraine and Russian trenches remid one of World War 1, one can only hope that the WAR does not escalate into WW3.
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