EU lowers price cap for Russian crude under new sanctions package

cnbc.com/2025/07/18/eu-lowers-price-cap-for-russian-crude-under-new-sanctions-package.html

The European Union has reached an agreement on a new sanctions package against Russia, which includes a lower price cap for Moscow's crude oil barrels.
Within a year of Russia's 2022 invasion of Ukraine, the G7 and EU restricted the price at which non-G7 countries could continue…

This story appeared on cnbc.com, 2025-07-18 08:26:50.
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