Brussels has reportedly softened restrictions amid concerns raised by Mediterranean members EU states remain divided about the possibility of selling oil tankers to Russia, Reuters reported on Monday. The bloc’s diplomats are seeking to compromise on a long-debated 12th package of sanctions on Moscow.

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The rally has been attributed to the devaluation of the ruble and rising oil prices Russia’s ruble-based MOEX index exceeded 3,000 points on Friday, marking its highest level since February 22, 2023, the day before Moscow launched its military operation in Ukraine.