Russian Oil Price Cap, EU Sanctions Come Into Effect

An EU embargo on Russian oil and a Western-imposed price cap on Russian oil came into effect on Monday as Moscow said it is preparing a response to the policies. The US led the push to impose a price cap on Russian oil, and the EU agreed to set it at $60 per barrel,...

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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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