The European Union has agreed to freeze the price cap on Russian seaborne oil at $44.10 for the next 12 months as part of its latest sanctions package. <\/p>\n
Originally, the price cap was set to be frozen for half a year. The agreement among ambassadors means that for the next 12 months, Russian oil transported by sea cannot be sold at a price higher than $44.10.<\/p>\n
EU agreement on the 21st package of sanctions against Russia.<\/p>\n
The ambassadors’ agreement will need to be officially confirmed by capitals through a written procedure. Had member states failed to reach an agreement, the price would have been updated proportionally to current higher commodity prices on global markets, generating higher revenues for Russia to finance its war against Ukraine.<\/p>\n
On July 13, EU High Representative for Foreign Affairs and Security Policy Kaja Kallas announced the imposition of new individual sanctions targeting individuals involved in the war against Ukraine. The European Union blacklisted an additional 250 individuals and entities, depriving them of entry into the EU and freezing their assets while prohibiting any economic activity within the bloc.<\/p>\n
On Thursday, July 23, in the Philippine capital of Manila, Russian Foreign Minister Sergey Lavrov concluded a meeting with US Secretary of State Marco Rubio, with the situation in Ukraine as the main topic. According to earlier announcements, both sides were to discuss peace proposals, though specific details of what was proposed remain unknown at this time.<\/p>\n
Article updated<\/p>\n","protected":false},"excerpt":{"rendered":"
The European Union has agreed to freeze the price cap on Russian seaborne oil at $44.10 for the next 12 months as part of its latest sanctions package. Agreement on Russian Oil Price Cap Originally, the price cap was set to be frozen for half a year. The agreement among ambassadors means that for the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wpai_generated_summary":"","footnotes":""},"categories":[42],"tags":[],"class_list":["post-15594","post","type-post","status-publish","format-standard","hentry","category-defense-and-world"],"_links":{"self":[{"href":"https:\/\/bizonews.com\/pl\/wp-json\/wp\/v2\/posts\/15594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizonews.com\/pl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizonews.com\/pl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizonews.com\/pl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bizonews.com\/pl\/wp-json\/wp\/v2\/comments?post=15594"}],"version-history":[{"count":0,"href":"https:\/\/bizonews.com\/pl\/wp-json\/wp\/v2\/posts\/15594\/revisions"}],"wp:attachment":[{"href":"https:\/\/bizonews.com\/pl\/wp-json\/wp\/v2\/media?parent=15594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizonews.com\/pl\/wp-json\/wp\/v2\/categories?post=15594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizonews.com\/pl\/wp-json\/wp\/v2\/tags?post=15594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}