Starting 3 September, the price cap on Russian oil will be set at US$47.60 per barrel, down from the previous cap of US$60.

Starting 3 September, the price cap on Russian oil will be set at US$47.60 per barrel, down from the previous cap of US$60.

Source: Andrii Yermak, Head of the President’s Office

Quote: “As of today, a new price cap on Russian oil has come into effect. The limit is now US$47.60 per barrel instead of the previous US$60. This decision was taken earlier within the framework of the EU’s 18th sanctions package against the Russian Federation.”

Details: Yermak thanked Ukraine’s European partners for taking account of the recommendations made by the sanctions group regarding the reduction of the Russian oil price cap.

Background: The EU’s upcoming 19th Russia sanctions package may include restrictions on Russian energy and financial services as well as secondary sanctions.

Support Ukrainska Pravda on Patreon!

From Ukrainska Pravda via this RSS feed