Economy

EU Imposes New $44 Price Cap on Russian Oil, Effective February 1
EU Imposes New $44 Price Cap on Russian Oil, Effective February 1

EU Lowers Price Cap on Russian Crude From February 1, the European Union has set a new, lower price cap for Russian seaborne oil at $44.10 per barrel. This decision represents a $3.50 reduction from the previous limit and is a direct response to Russia's ongoing war against Ukraine. The price cap me...

16.01.2026 204

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