Six EU Members Want Lower Price Cap for Russian Oil ...Middle East

OILPRICE - Economy
Six EU Members Want Lower Price Cap for Russian Oil
source : OILPRICE ( Middle East ) () 87
Six European Union members have called on the Commission to lower the price cap set on Russian oil prices by the G7 as part of a sanction series aiming to cripple Russia’s economy in response to its 2022 incursion into Ukraine. “Measures that target revenues from the export of oil are crucial since they reduce Russia's single most important income source,” Sweden, Denmark, Finland, and the three Baltic states said in a letter, as quoted by Reuters. “We believe now is the time to further increase the impact of our sanctions…

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