EU tentatively agrees $60 price cap on Russian seaborne oil
The agreement still needs approval from all EU governments in a written procedure by Friday. Poland, which had pushed for the cap to be as low as possible, had as of Thursday evening not confirmed if it would support the deal, an EU diplomat said.
G7, EU Decide to Cap Russia Oil Prices at $60-per-Barrel to Stop War Funding
The G7 and EU on Friday agreed a $60-per-barrel price cap on Russian oil in an attempt to deny the Kremlin of war resources, as President Vladimir Putin said more strikes on Ukrainian infrastructure were "inevitable"
G7 coalition agrees $60 per barrel price cap for Russian oil
The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian seaborne crude oil after European Union members overcame resistance from Poland and hammered out a political agreement earlier in the day.
EU states agree $60 a barrel cap on Russian oil after Polish green light
Poland, which was pushing for low cap, says deal will keep it at least 5% below market rateEuropean Union member states have agreed to put a $60 a barrel price cap on Russian oil after Poland, which was holding out, gave the green light to the deal.In an effort to reduce the Kremlin’s income from fossil fuels, the EU has agreed to limit the amount that can be paid for seaborne oil to diminish Moscow’s ability to finance its war in Ukraine. Conti…
EU reaches deal for $60-per-barrel price cap on Russian oil
The European Union reached a deal Friday for a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his war in Ukraine.