EU Likely to Propose Lowering G7 Price Cap on Russian Oil to $50 Per Barrel
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Diverging Reports Breakdown
EU Likely to Propose Lowering G7 Price Cap on Russian Oil to $50 Per Barrel
Brussels will propose to lower the current $60 per barrel price cap on Russian seaborne oil. European Economic Commissioner Valdis Dombrovskis did not specify the level. G7 countries include the United States, Canada, Britain, France, Germany, Italy and Japan.
Source: Themoscowtimes.com | Read full article
The EU proposes to lower the price threshold for Russian oil. Reuters writes about $50 per barrel
The European Union is set to propose a reduction in the price of Russian oil. The current limit is $60 per barrel. The move is expected to be supported by other G7 countries. The European Union has imposed sanctions on Russia since the annexation of Crimea in March. The U.S. has also imposed sanctions against Russia over the Crimea issue.
Source: Biz.liga.net | Read full article
EU likely to propose to G7 to lower price cap on Russian oil to $50 per barrel
The European Union will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil. The proposal is part of the new sanctions package against Moscow.
Source: Boereport.com | Read full article
EU likely to propose to G7 lowering price cap on Russian oil to $50 per barrel
The EU will propose to G7 finance ministers this week to lower the current $60 per barrel price cap on Russian seaborne oil. European Economic Commissioner Valdis Dombrovskis said the EU would propose $50 per barrel. The G7 price cap was agreed in December 2022, banning trade in Russian crude oil transported by tankers if the price paid was above $60. But the price has fallen below $60 in early April, as global concern about economic growth in the wake of U.S. announcements on global tariffs hit oil prices.
Source: Reuters.com | Read full article
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Sources
- Original: EU Likely to Propose Lowering G7 Price Cap on Russian Oil to $50 Per Barrel
- The EU proposes to lower the price threshold for Russian oil. Reuters writes about $50 per barrel
- EU likely to propose to G7 to lower price cap on Russian oil to $50 per barrel
- EU likely to propose to G7 lowering price cap on Russian oil to $50 per barrel
Source: https://www.themoscowtimes.com/2025/05/19/eu-likely-to-propose-lowering-g7-price-cap-on-russian-oil-to-50-per-barrel-a89130