Russia Rejects EU’s $60 Oil Price Cap

Russia on Saturday rejected the EU's decision to impose a price cap on Russian oil for $60 per barrel and warned it will cut off any country that endorses the cap. The EU's ban on Russian oil will take effect on Monday, and the idea of the cap is so European insurance...

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EU Fails to Reach Agreement on Russia Oil Price Cap

EU diplomats failed on Monday to agree on a set price cap for Russian oil as a December 5 deadline for the policy is approaching, Reuters reported. The main hindrance to reaching a deal was Poland, which is demanding a much lower price cap than what the G7 has...

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