Europe reaches deal for $100 per barrel price cap on Russian diesel ...Middle East

Business Standard - Economy

European Union governments tentatively agreed on Friday to set a USD 100-per-barrel price cap on sales of Russian diesel to coincide with an EU embargo on the fuel steps aimed at ending the bloc's energy dependence on Russia and limiting the money Moscow makes to fund its war in Ukraine. Diplomats representing the 27 EU governments set the cap on Russian diesel fuel, jet fuel and gasoline ahead of a ban taking effect on Sunday. It aims to reduce Russia's income while keeping its diesel flowing to non-Western countries to avoid a global shortage that would send prices and inflation higher. The information was provided by diplomats from 3 different EU member nations ahead of a formal announce

Hence then, the article about europe reaches deal for 100 per barrel price cap on russian diesel was published today ( Saturday 04/02/2023 - 04:52 AM ) and is available on Business Standard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Europe reaches deal for $100 per barrel price cap on Russian diesel )

Last updated : 04 February 2023 clock 04:52 AM

Also on site :

Europe reaches deal for $100 per barrel price cap on Russian diesel ...Middle East

Egypt eyes $40 billion annual revenue in massive tourism overhaul

Trump’s Venezuela Gambit Could Erode OPEC’s Clout in Oil Markets

GDIT Awarded $988 Million Contract to Modernize Navy C5ISR Systems

Dover Announces Fourth Quarter 2025 Earnings Release Date, Conference Call and Webcast

Why Europe’s Reliance on China Is a Policy Choice, Not a Resource Problem

Georgia College surpasses 1 million service hours, earns national Community Engagement certification

BHP Expected to Wait Out Rio Glencore Deal Talks as Copper M&A Heats Up

General Dynamics to Webcast 2025 Fourth-Quarter and Full-Year Financial Results Conference Call

Africa: Former CIA Analyst Now Top U.S. Africa Official at State; Dealmaking Dominates as Conflicts Spread

The Death of SaaS: CloseMate Leads a New Era of Artificial Intelligence

Germany Seals $9.6B TenneT Deal to Ease Power Grid Bottlenecks

HotelTechAwards Names Canary Technologies the Best Guest Experience System

The Rise of Smash-and-Grab Diplomacy in a World of Resource Scarcity

Gulf Stocks Mixed, Oil Steady as Powell Probe Rattles Fed Independence

American Rheumatology and Galvanic Health Announce Strategic Partnership to Empower Independent Rheumatology Practices