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EU extends Russian oil price cap until July 23

The European Union has decided to extend the Russian oil price cap until July 23.

Published 7sem3 sourcesConfirmedImportantupdated 2sem
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The fact

This measure aims to limit Moscow's revenues while avoiding a global price surge.

Discussions on a new sanctions package against Russia are postponed due to lack of agreement.

3 sources — click a link to read an article on the topic:

Why it matters

Cette décision illustre les divisions au sein de l'UE sur la stratégie à adopter face à la Russie, avec des enjeux économiques et géopolitiques majeurs.

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