US EditionUK Joins EU Push to Hit Russia by Cutting Crude-Oil Price Cap
13 Articles
13 Articles
UK Joins EU in Crippling Russian Oil Profits With New $47.60 Limit
On July 18, The UK announced it will lower the Crude on Russian exports from $60 to $47.60 per barrel, joining the European Union in a coordinated effort to further curb Moscow’s ability to fund its war in Ukraine. The updated cap will take effect at 23:01 BST on Tuesday, September 2, 2025. A 45-day wind-down period has been granted for existing contracts signed under the previous threshold. The UK’s decision aligns with wider Western efforts to…
London aligns itself with the oil price cap. The Kremlin's wrath (ANSA)
London considered that lowering the market value of the Russian cruel will reduce a crucial source of country funding, which is also essential for the Russian war machine.
UK Joins EU Push to Hit Russia by Cutting Crude-Oil Price Cap
The UK joined the European Union’s efforts to diminish Russia’s revenues further by lowering the price cap on its crude oil, extending a broader push to pressure the Kremlin for continuing the war in Ukraine.
London joined forces on Friday with the sanctions announced by the European Union in the morning, which plan to lower the price ceiling for exported Russian oil. "We are hitting the heart of the Russian energy sector alongside the EU," said British chief of diplomacy David Lammy.
elperiodicodelaenergia.com
diarioestrategia.clThe Government of the United Kingdom, together with the European Union, has intensified economic pressure on Russia with new measures directed directly at the country's oil revenues, including a reduction in the Russian crude oil price limit, which drops to $47.60 per barrel, 20.6 per cent less than the current $60. London has highlighted that this will directly affect Russia's oil revenues, which have already fallen 35 per cent year-on-year unt…
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