The recent sanctions placed on Russia have proven that the role it plays in the global economic order is much greater than is commonly thought.
The European Union has agreed on a sixth package of sanctions on Moscow after weeks of intense negotiations. The key component is the termination of Russian oil shipments delivered to the bloc's market by sea by the end of this year.
According to Ursula von der Leyen, President of the European Commission, this will cut Russian supply to the EU...
