Former ISS head: The Baltics are not of special importance to Russia
- Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia have urged the European Commission to lower the $60 per barrel price cap on Russian oil, according to Reuters.
- The G7 implemented the cap to reduce Moscow's oil revenues while maintaining stability in global markets.
- The six nations emphasized the need to 'further increase the impact of our sanctions by lowering the G7 oil price cap.'
- Three sanctioned tankers carrying over 2 million barrels of Russian crude oil are floating off China's coast after they were hit by fresh U.S. Sanctions, Bloomberg reported.
11 Articles
11 Articles
EU's Nordic, Baltic members reportedly urge lowering of Russian oil price cap
Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia have urged the European Commission to further decrease the $60 per barrel price cap on Russian oil set by the G7, Reuters reported on Jan. 13, citing their joint letter seen by the news agency.The countries argue that a lower cap would further restrict Russia's ability to finance its war against Ukraine while avoiding significant disruptions to global oil markets.Under current terms, Weste…
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