EU Holds Russian Oil Sanctions Line After UK Grants Refined Crude Carve-Out
πͺπΊ SANCTIONS β UK cracks the Russian oil wall; Brussels refuses to follow. π LOOK CLOSER: London's carve-out β allowing diesel and jet fuel refined from Russian crude β is a quiet admission that Hormuz-driven supply pressure is forcing Western coalitions to choose between sanctions coherence and economic pain. Brussels holding the line now faces a credibility test: if UK refiners undercut EU competitors using cheaper Russian feedstock, member state pressure to match mounts fast. Watch Italy and Hungary.