The European Union voted to put more sanctions on Russian oil but it exempts oil that is delivered through pipelines, which is one third of all oil. The sanctions only apply to oil delivered by sea but the EU says it will ramp up sanctions to cover 90% of all Russian-imported oil by the end of the year. The EU says that they are doing this to cut off funding to Russia’s war efforts. But the Russian economy has not felt the economic pain of this squeeze. Europe has. Inflation in Germany is reaching a 50-year high. France and Spain, same story. #sanctions
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About Clayton Morris:
Clayton Morris is a former Fox News anchor. In Redacted, Clayton and his wife Natali take an in-depth look at the legal, social, financial, and personal issues that matter to you. They want to set the record straight and bring you the stories nobody else is telling. Along with the facts and the full picture, Redacted offers real-world analysis without an agency driven by corporate overloads. With Clayton’s extensive journalism experience, he isn’t afraid to demand the truth from authorities. Redacted is an independent platform, unencumbered by external factors or restrictive policies on which Clayton and Natali Morris bring you quality information, balanced reporting, constructive debate, and thoughtful narratives.