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14 Articles
The European Union has abandoned plans to lower the price ceiling for Russian oil from $60 to $45 per barrel, reporting to Politico with reference to two diplomatic sources.
The European Union will abandon plans to lower the maximum price for exported Russian oil from $60 to $45 per barrel.
The European Union has put aside a plan to impose more stringent price restrictions on Russian oil, fearing that the US would not support such a move because of the rise in oil prices, Bloomberg reports. [See_also ids="643598"] The EU has proposed reducing the limit price of Russian oil to $45 per barrel from the current $60, but the rise in oil prices following the Israeli attack on Iran has made it difficult to reach consensus among the 27 mem…
The European Union has withdrawn from a plan to lower the price cap on Russian oil from $60 to $45 a barrel, meaning that the 18th package of sanctions, which foreign ministers are due to discuss on Monday, will not include the harshest measure yet considered to limit the Kremlin's revenue from oil exports.
The EU Foreign Ministers will not discuss in Büssel on Monday, 23 June, the possible reduction of the price ceiling for Russian petroleum products from $60 to $45 per barrel, reported to the Policy two unnamed European diplomats, a decision that was taken by politicians at this week's G7 meeting because of the fear that the new conflict in the Middle East would lead to an increase in world oil prices.
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