Eng
Esp

Copyright © 2024 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

EU agrees on Russian oil price cap of $60 per barrel after fraught talks – NYT

byOrysia Hrudka
02/12/2022
1 minute read
EU agrees on Russian oil price cap of $60 per barrel after fraught talks – NYT

Diplomats from the European Union agreed on Friday to set a top price of $60 per barrel for Russian oil cargoes, according to Andrzej Sados, Poland’s ambassador to the bloc and a key negotiator of the policy, as well as other E.U. diplomats and officials who spoke on condition of anonymity because they were not authorized to speak with the media, NYT reports.

According to NYT, the policy, devised by the Group of 7 industrialized nations and their allies, aims to limit Russia’s revenue while averting a global oil shock.

An official announcement by the G7 was expected by Sunday, the diplomats and officials said.

Talks to set the cap in Brussels were contentious, spanning more than a week.

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here



    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts