Von Der Leyen States EU to Dismiss New Russian Oil Rate Cap Strategy

EU Delays Russian Oil Cap Cut Amid Middle East Tensions and Market Volatility

The European Union is putting on hold its plan to lower the price cap on Russian oil exports, citing fears that escalating conflict in the Middle East could trigger further volatility in global energy markets, Politico reports on June 20, citing EU diplomats familiar with the matter. The proposal, which aimed to reduce the current $60-per-barrel cap to $45, was set to be discussed by EU foreign ministers in Brussels. However, recent developments…

EU to abandon new Russian oil price cap plan von der Leyen

The EU had planned to lower the price cap on Russian oil from $60 to $45 per barrel in the latest package of sanctions Read Full Article at R

EU Abandons Proposal to Lower Price Cap on Russian Oil to $45

The European Union shelved a plan for a stricter price cap on Russian oil exports over concerns that the US won’t back tougher sanctions due to rising crude prices.

Brussels to shelve push for Russian oil price cap amid Middle East chaos

Officials told POLITICO the EU would drop proposals for a $45-per-barrel limit on Moscow’s crude as a result of the Israel-Iran conflict.

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Von der Leyen states EU to dismiss new Russian oil rate cap strategy

(MENAFN) The European Union has decided to pause its proposal to reduce the price cap on Russian seaborne oil sales, European Commission President Ursula von der Leyen announced, as reported by ... ...