All articles tagged with #russian oil cap
The EU has imposed its 18th round of sanctions on Russia, targeting energy and banking sectors, banning transactions with 22 banks, restricting Russian oil imports, and lowering the oil price cap to $47.60 per barrel, aiming to pressure Moscow amid ongoing conflict in Ukraine, despite limited success and opposition from some member states.
EU envoys are close to agreeing on an 18th package of sanctions against Russia, including a lower and dynamic price cap on Russian oil, potentially around $47 per barrel, to further restrict Russia's revenue from energy exports amid ongoing tensions over Ukraine. The package also involves measures targeting Russian energy infrastructure and financial networks, with full approval expected soon.
The European Commission plans to propose a new sanctions package against Russia, including lowering the Russian oil price cap from $60 to $45 per barrel and banning the use of Nord Stream pipelines, as part of ongoing efforts to pressure Moscow amid stalled Ukraine peace talks.