<p><a href="/tags/putin/" rel="tag">#Putin</a>'s <a href="/tags/oil/" rel="tag">#Oil</a> Empire Gets Double Boost</p><p>The <a href="/tags/us/" rel="tag">#US</a> will not back an <a href="/tags/eu/" rel="tag">#EU</a> proposal to impose a price cap on <a href="/tags/russianoil/" rel="tag">#RussianOil</a> that seeks to curb revenues for Russian President Vladimir Putin's <a href="/tags/war/" rel="tag">#war</a> machine, acc/to Bloomberg.</p><p><a href="/tags/russia/" rel="tag">#Russia</a> could also benefit from the spike in oil prices following <a href="/tags/israel/" rel="tag">#Israel</a>'s attack on <a href="/tags/iran/" rel="tag">#Iran</a>, a major producer of the commodity.</p><p><a href="/tags/geopolitics/" rel="tag">#geopolitics</a> <a href="/tags/ukraine/" rel="tag">#Ukraine</a> <a href="/tags/standwithukraine/" rel="tag">#StandWithUkraine</a> <br><a href="https://www.newsweek.com/russia-putin-oil-sanctions-price-cap-2085549" rel="nofollow" class="ellipsis" title="www.newsweek.com/russia-putin-oil-sanctions-price-cap-2085549"><span class="invisible">https://</span><span class="ellipsis">www.newsweek.com/russia-putin-</span><span class="invisible">oil-sanctions-price-cap-2085549</span></a></p>