Reuters reporting. In brief:
While nearly all parts of the package are agreed upon, one member state—reportedly Slovakia—still has technical reservations but is expected to sign off soon.proposal includes a dynamic pricing mechanism, with the cap set at 15% below the average global crude price over the past 22 weeks.would initially place the cap at around $47 per barrelwill be reviewed every six months rather than quarterlyhas now agreed in principle
The package also includes:
Restrictions on financial networks helping Russia evade sanctions
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The formal agreement is expected Monday, ahead of a foreign ministers' meeting on Tuesday in Brussels for approval.
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