Europe weighs freezing Russia’s oil price cap as the Iran war threatens to loosen it
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The European Union may freeze its cap on Russian oil prices rather than let an automatic formula loosen it, Bloomberg reported. The step would anchor the bloc's 21st sanctions package, aimed at draining Moscow's energy income and cutting its access to war supplies. Driving the rethink is a problem Brussels never designed the system for: a war in the Middle East.
Despite multiple rounds of Western sanctions again
The European Union may freeze its cap on Russian oil prices rather than let an automatic formula loosen it, Bloomberg reported. The step would anchor the bloc's 21st sanctions package, aimed at draining Moscow's energy income and cutting its access to war supplies. Driving the rethink is a problem Brussels never designed the system for: a war in the Middle East.
Despite multiple rounds of Western sanctions again
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