Despite opposition from multiple members, the bloc wants to press ahead with the controversial step The European Union will reportedly not impose an eighth round of sanctions on Moscow unless its member states agree to include a price cap on Russian oil exports.

Since the beginning of 2022, almost 1000 foreign companies have left the Russian market. The reason for this was the tightening of the sanctions policy of European countries towards Russia. Moreover, about 5,000 brands have become inaccessible to Russian consumers.

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