OilPrice.com: EU Ambassadors Agree On A Russian Oil Price Cap
* European Union ambassadors have reached an agreement on a new package of sanctions against Russia, including a price cap.
* The political agreement on the price cap contains measures to soften the impact of the sanctions on EU member states with large shipping industries.
* The sanctions also extend import bans on goods such as steel products, wood pulp, paper, machinery and appliances, chemicals, plastic, and cigarettes.
European Union ambassadors reached an agreement on Wednesday to impose a new package of sanctions on Russia, including banning maritime transportation for Russian oil to third-party countries unless the oil is sold below or at a certain price cap.
“Ambassadors reached a political agreement on new sanctions against Russia - a strong EU response to Putin’s illegal annexation of Ukrainian territories,” the Czech rotating presidency of the EU said in a tweet today.
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WNU Editor: The Russian Deputy Prime Minister has already warned that a price cap will mean a reduction in Russian oil production, and higher prices .... Russia’s Novak Says Oil-Price Cap May Cause Temporary Output Cut (Bloomberg). For more see video below:
EU Ambassadors Agree On A Russian Oil Price Cap
EU agrees on price cap for Russian oil over Ukraine war -- AP
EU approves more sanctions against Russia over Ukraine war -- Reuters
Ukraine war: EU countries agree new sanctions on Russia that includes a price cap on Russian oil -- Euronews
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