Russia's Dmitriev Says Europe Needs Russia to Survive
The bloc is considering keeping the cap at $44.10 a barrel as sanctions officials weigh new limits on tankers, banks and traders.
- The European Union is weighing a temporary freeze on its Russian oil price cap as the Iran war and effective closure of the Strait of Hormuz send shockwaves through global energy markets.
- Last year, the bloc adopted a dynamic mechanism to automatically set the cap every six months at 15% lower than the average market rate for Russian Urals crude.
- Options under consideration include suspending automatic increases until year-end or capping any rise at $60, as the next July review could otherwise push the threshold to at least $65.
- This proposal forms part of the European Union's 21st sanctions package since Russia's 2022 invasion, which also targets about 20 additional tankers and imposes export controls on firms in China, India, Turkey, and Central Asia.
- Separately, the European Union maintains $245 billion in immobilized Russian central bank assets held through Euroclear, intending to keep them frozen until the war ends and Russia pays reparations to Ukraine.
44 Articles
44 Articles
Crosetto brake on Kiev in the EU. New launches of Ukrainian drones on Russian refineries.On the day when Ukrainian drones hit a refinery in the heart of Russia, the Bloomberg agency yesterday anticipated that the European Union, fearing the worsening of the world oil market for tension in the Persian Gulf, would prepare to freeze the automatic mechanism of the price cap, the roof at the price of Russian crude oil designed to make Moscow miss som…
The EU is considering the possibility of temporarily freezing the price ceiling on Russian oil against the backdrop of rising world energy prices due to the war in the Middle East, as reported by Bloomberg with reference to sources.
Evropska unija (EU) razmatra privremeno zamrzavanje mehanizma koji ograničava cenu ruske nafte kao odgovor na geopolitičke tenzije na Bliskom istoku, prenela je danas agencija Blumberg.
At current levels, averting the next increase. The hypothesis among sanctions in Moscow (ANSA)
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