According to the report, EU member states are considering a proposal to lower the cap for Russian oil, which is currently set ...

Russia’s quarterly fossil fuel revenues have fallen to their lowest levels since Moscow invaded Ukraine in 2022. Source: ...

EU diplomats said the floating cap would be recalibrated every three months based on the 10-week average of global prices, ...

The European Union and Britain have been pushing the Group of Seven nations to lower the cap for the last two months after a ...

The proposed price cap would be set at 15% below the market rate based on a 10-week average, lowering the threshold to $50 ...