oil price cap
Coverage of oil price cap in the Nexus archive.
- EU Races to Seal New Russia Sanctions as Oil Cap Deadline Nears
EU ambassadors are finalizing the 21st sanctions package against Russia, facing disagreements over Patriarch Kirill, Russian fish imports, and visa restrictions as the oil price cap deadline approaches.
- EU Scrambles to Seal New Russia Sanctions as Deadline Looms
EU ambassadors are finalizing the bloc’s 21st sanctions package against Russia ahead of a critical oil price cap deadline. Failure to agree could automatically raise the cap, increasing Moscow’s oil export revenues amid member state disagreements.
- Europe’s Unsanctionable Stupidity
The EU is preparing its 21st sanctions package against Russia, including shadow fleet listings, transaction bans, and limits on Russian fish imports, driven by the need to stabilize the oil price cap before market changes. Analysts argue these measures have failed to weaken the Russian economy, which shows record real wages and low inflation despite high interest rates.