10 Days
Source:
اقتصاد سكاي نيوز عربية
Europe counters Russia's oil maneuvers
The European Union is studying the temporary suspension of the cap on Russian oil prices, currently set at $44.10 per barrel, due to rising oil prices resulting from the war with Iran and the closure of the Strait of Hormuz. The move aims to reduce the profits Russia gains from higher prices, along with reviewing the cap in July, potentially adjusting or fixing it at a certain level. The proposed measures also include imposing restrictions on additional companies and banks, and expanding sanctions to include LNG (liquefied natural gas) ships, as part of a policy aimed at preventing circumvention of the economic restrictions imposed on Russia since the start of the war in Ukraine.
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