EU caps Russian oil price at 44 dollars per barrel

The European Union imposed a 21st sanctions package against Russia capping Russian oil barrel price at 44 dollars, preventing a projected surge above 70 dollars.

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The fact

This measure is part of the EU's broader strategy to squeeze Russian oil revenues.

The goal is to reduce funding available for Russia's military operations.

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Auto-synthesis from 1 media source · identified on June 9, 2026

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