Europe Just Froze Its Russian Oil Price Cap for Another Week — and the Iran War Could Now Hand Putin an Automatic Windfall
A European intelligence report seen by Reuters warns Russia faces an 'explosive' banking crisis that one ambitious sanctions package could trigger — as the EU stalls on its 21st round and freezes the…
Read the full articleYou might also wanna read

EU freezes Russia oil price cap for a week amid sanctions delay
The EU's freeze highlights geopolitical tensions and potential oil price volatility, impacting global economic stability and energy markets.
EU Fails to Agree Russian Sanctions Package Amid Oil Cap Deadline
The EU has failed to approve its latest sanctions package targeting Russia, with time running out to freeze the price cap on Russian crude o
EU Considers Freezing Russian Oil Price Cap as Sanctioned Tankers Evade Seizure in UK Waters
The European Union is considering a temporary freeze on the automatic mechanism that adjusts the price cap on Russian oil. This discussion e
EU extends Russia oil price cap in search of sanctions deal
The last-minute compromise came hours before a deadline that would have seen the price cap shoot up from its current level of $44.
EU Agrees to Temporary Russian Crude Price Cap Freeze
The EU has decided to freeze its Russian crude price cap on a temporary basis as it seeks a more durable freeze under its 21st sanctions pac
New oil price cap adds to Russia’s economic distress
In mid-July, European Union countries adopted their 18th sanctions package of economic and individual measures against Russia. The latest ba

Comments
Sign in to join the conversation.
No comments yet. Be the first.