The EU has frozen the oil price cap on Russian crude at $44 per…
The EU has frozen the oil price cap on Russian crude at $44 per barrel. The EU's 21st package of sanctions froze so-called oil price caps on Russian crude at $44 a barrel for one year, it was reported...
Consensus
- The European Union adopted the 21st sanctions package against Russia on July 23.
- The price ceiling on Russian oil was frozen at $44 per barrel.
- The freeze will last for one year.
- The EU banned its banks from conducting cross-border transactions with 32 Russian banks.
- The decision to freeze the price ceiling was made due to market instability caused by regional conflicts.
Points of divergence
- The price ceiling will remain frozen until January 2027, not July 2027 as stated in other sources. — riamo
- The EU introduced a ban on cryptocurrency-related services for third countries aiding Russia in circumventing sanctions. — riamo
- The package does not include a full ban on maritime transport of Russian liquefied natural gas, despite earlier reports suggesting otherwise. — vm
Coverage (6 sources)
- EU-set 'price ceiling' on Russian oil at $44 frozen for a year — Вести
- EU keeps Russian oil price cap at $44 per barrel for another year — Коммерсантъ
- EU freezes oil price cap on Russian crude at $44 per barrel — РИАМО
- EU freezes so-called price cap on Russian oil at $44 per barrel for a year with 21st sanctions package — ТАСС (Telegram)
- EC Head: Price cap on Russian oil will be frozen for a year — Вести
- Von der Leyen: EU has frozen the price cap on Russian oil for a year — Вечерняя Москва
Key entities
- Russia
- EU
- European Union
- Ursula von der Leyen
- Moscow
- EU Council
- TASS
- Ukraine
- X
- European Commission
- EC
- European Union
- European Commission
- PhotoBank Lori
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