Europe’s new sanctions on Russian oil kick in with USD 60 price cap
![Photo: Dado Ruvic/REUTERS / X02714](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/14646568/fjt0of/ALTERNATES/schema-16_9/doc7nuxauhc0kkis0acfhi.jpg)
After months of planning and negotiations, the biggest tranche of sanctions on Russian oil to date take effect on Monday. How big their impact will be remains uncertain.
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