Tag: Price cap

The European Union (EU) has agreed on an 18th package of sanctions against Russia over its war in Ukraine. Central to the sanctions package is a lower price cap on Russian oil, a ...

The European Commission has proposed an 18th package of sanctions against Russia, targeting its energy revenues and military industry. The new package proposes banning transactions involving Russia’s Nord Stream gas ...

Vladimir Putin has signed a decree banning exports of Russian crude oil and refined products to foreign buyers that adhere to a price cap that was recently instituted by the ...