Russian oil falls below $ 60 as budget set at $ 69
The Kremlin’s war spending in Ukraine relies heavily on revenue from Urals crude, but US sanctions have disrupted the market.
Browsing Tag
price cap
13 posts
G7 agree to price cap for refined Russian oil
The international Group of Seven industrialized countries agreed on 3 February on a price cap for refined Russian…
The US and its allies agreed to introduce two price caps for Russian oil products
On Friday, January 20, Deputy Secretary of the US Treasury Wally Adeyemo met with Deputy Ministers representing the…
Russia asks India to build huge oil tankers to evade price cap
Russian authorities have asked India to establish joint production of large-capacity tankers to transport oil, which since December…
Price cap on Russian oil can work only if lowered to 35 USD instead of 60 USD – Ukraine’s Economy Minister
The new Price Cap Policy mechanism has significant potential but price restrictions for Russia must be revised downwards,…
EU council agrees to cap Russian oil price at 60 USD per barrel
On 3 December, the Council of the European Union decided to set an oil price cap for crude…
G7, Australia join EU in adopting price cap on Russian crude oil
On 2 December, the US Department of Treasury reported that following the agreement by the 27 EU member…
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…
EU fails to agree Russian gas price cap amid deep divisions – AFP
On 24 November, EU energy ministers failed to agree a cap on gas prices to mitigate the energy…
EU expects to be ready for Russia oil price cap Dec 5 start, EU energy policy chief says – Reuters
The European Union expects to have its regulations completed in time for the introduction of a G7 plan…
European Council sanctions vessels transporting Russian oil at price above price cap
The European Council decided that in event that a vessel under the flag of a third country has…
EU’s 8th Russia sanctions package has oil price cap, falls beneath Kyiv’s expectations
The EU has agreed on the eighth sanctions package against Russia, RFE/RL editor on Europe Rickard Jozwiak reported…
EU’s von der Leyen backs price cap on Russian pipeline gas – Reuters
Europe needs to impose a price cap on Russian pipeline gas to foil Russian President Vladimir Putin’s attempts…
