EU agrees on new price caps for Russian oil ...News

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EU agrees on new price caps for Russian oil
Limits on refined oil products will go into effect on February 5 The European Union will set the price of refined petroleum products imported from Russia at $100 per barrel for diesel and $45 a barrel for fuel oil, officials in Brussels confirmed on Friday. The measure will go into effect on Sunday, two months after the original $60 price cap on seaborne crude oil. The US, Australia and other G7 members have already adopted the cap, sanctions designed to limit Moscow’s energy revenues amid the conflict in Ukraine. The expected embargo has fueled fears of global supply disruptions. Diesel is currently trading at $

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