The European Commission plans to implement a floating price ceiling for Russian oil, set at 15% below the average market price over the past three months, as part of efforts to curb Russia's ability to finance the war in Ukraine. Although the cap was originally agreed at $60 a barrel, recent price falls have generated pressure from the European Union and Britain for an adjustment. The details of the proposal require further discussion and sanctions must be approved unanimously by member countries.
Sources
Latest News
17:58
A former engineering director at Meta accuses Mark Zuckerberg of ignoring the dangers of social networks for children, prioritizing profit.
17:57
Over 60 migrants jumped from a boat onto a beach in Spain, trying to reach the city of Atamaría illegally.
17:50
Astronomers face difficulties in observing the cosmos due to satellites
17:43
A large power outage is affecting several areas in Bucharest, including Henri Coandă International Airport.
17:30
Four members of a football gallery have been arrested, being suspected of having assaulted a Pakistani citizen.
See more news