The Limited Times

Now you can see non-English news...

EU approves $60 cap on Russian oil

2022-12-02T17:25:38.226Z

The negotiators in the EU member states have apparently reached an agreement: They want to impose a maximum price for oil from Russia - and thus limit Moscow's financial leeway.

Enlarge image

Oil production in the Russian republic of Tatarstan

Photo: IMAGO/Yegor Aleyev / IMAGO/ITAR-TASS

The member states of the European Union (EU) have agreed on a price cap for Russian oil.

Together with international partners, they want to force Russia to start selling oil to buyers in other countries for a maximum of USD 60 (around EUR 57) per barrel (159 liters) from Monday.

A corresponding agreement was reached by government representatives after long negotiations in Brussels, as confirmed by several diplomats from the dpa news agency.

beb/dpa

Source: spiegel

All business articles on 2022-12-02

Trends 24h

Latest

Electricity and gas rates indexed to inflation: another round of increases arrives in 10 days
2024-04-20T21:02:45.958Z

Denmark: Airport reopens after bomb threat, man arrested
2024-04-20T19:42:45.416Z

Making the dollar counted with settlement more flexible: a starting point for the end of the stocks?
2024-04-20T16:13:30.343Z

Loss of connection and madness in government: when economists are part of the problem
2024-04-20T14:52:41.311Z

SMEs and their recipes in the crisis: "war economy" today and investment in technology for tomorrow
2024-04-20T12:42:44.417Z

Eurostar is 30 years old: behind the scenes at the cross-Channel train maintenance center in London
2024-04-20T12:22:56.285Z

Leclerc, Carrefour, Auchan… County recalled throughout France for listeria contamination
2024-04-20T10:13:05.107Z

“Dear president, this man is going to kill my mother”: on TikTok, a young woman’s desperate letter to Emmanuel Macron goes viral
2024-04-20T09:53:19.481Z

United States: historic victory for Volkswagen employees after the formation of a union
2024-04-20T09:52:37.246Z

The big holiday for those who are sensitive to gluten: what is worth buying now at the supermarket?
2024-04-20T05:32:46.750Z

The “Rage Room”, these release rooms where dishes are broken, and other new places designed to...let go
2024-04-20T05:13:24.016Z

Stumbling on Goldilocks
2024-04-20T05:02:25.376Z

Crime and fentanyl damage California's burger king
2024-04-20T04:54:55.952Z

Levi's tightens its belt to shine its jeans
2024-04-20T04:52:42.122Z

Dampness, odors or termites: how to recover money when the house you bought has hidden defects
2024-04-20T04:52:33.726Z

The eurozone entered recession at the end of 2023, according to the official statistical review
2024-04-20T00:23:29.930Z

Tonight it's happening: will the crossing event lead to a jump in the value of Bitcoin?
2024-04-20T00:15:04.607Z

The Breton Grain de Sail is gaining momentum in sailing freight with its new cargo ship
2024-04-19T23:54:50.005Z

Worried about an escalation, the S&P agency downgrades Israel's rating
2024-04-19T23:54:28.964Z

In the United States, 3,878 Tesla Cybertrucks are recalled due to accelerator pedal defect
2024-04-19T23:53:03.126Z

They doubled the installed power of the Ezeiza Thermal Power Plant with an investment of more than 220 million dollars
2024-04-19T23:43:07.562Z

"25 thousand tourists from the USA used to come here on Passover, now only those who want to see disasters come here"
2024-04-19T23:35:08.338Z

The Iranians did fail this time, but they managed to change the equation
2024-04-19T23:35:04.146Z

Job found, “revitalization”, sanctions… what resulted from the control of 523,400 unemployed in 2023
2024-04-19T23:33:11.734Z

The Government appointed and fired an official with the same decree
2024-04-19T22:53:04.665Z

New Pre-Trip? The winter promotions that tourism companies agreed with the Government
2024-04-19T21:16:22.156Z

TLS Recrutement, the new flexible and responsive Toulouse firm
2024-04-19T17:15:00.597Z

“Shrinkflation”: soon posters displayed in supermarkets to alert consumers
2024-04-19T17:04:22.781Z

Downgrading: "A disgraceful and resounding failure of a smug government, will cost us tens of billions"
2024-04-19T16:13:53.788Z

So what did you bring for the holiday? Ideas for a gift to take to your hosts on Passover Eve
2024-04-19T14:20:19.152Z

The lesson from the night of the interceptions: we received a gift of enormous value from Iran
2024-04-19T14:09:00.696Z

The evacuee combine: this is how the apartment owners stung the state for more than NIS 150 million
2024-04-19T14:08:05.101Z

Which countries will grow more than Spain between now and 2030?
2024-04-19T13:40:18.570Z

Maxime Carmignac: “I overheard my daughter saying to my son: “To fail is to learn.” I learned a lot like that”
2024-04-19T12:50:13.407Z

Welcome to the “artificial”, perfect, docile and AI-generated influencers
2024-04-19T12:44:55.912Z

The Paraguayan president does not like dollarization: the messages left by Santiago Peña at the Llao Llao Forum
2024-04-19T10:36:20.886Z

YPF studies a salary increase of 40% above inflation for its directors
2024-04-19T06:39:16.462Z

La Poste deploys mobile post office trucks in 5 rural departments
2024-04-19T04:56:49.840Z

The PP proposes to rebate 100% of the donation tax for amounts intended for the purchase of a home
2024-04-19T04:02:42.454Z

The three entrepreneurs who dazzled Galperin at the Llao Llao Forum
2024-04-19T02:45:34.817Z

Debate of the fiscal package: opposition pressure for the update of Profits, tax expenses and tobacco tax
2024-04-19T02:35:53.230Z

The EU's ambition to not fall behind the US is slowed by the reluctance of small countries
2024-04-19T01:23:44.757Z

Home delivery of groceries: after Cajoo, Gopuff, Gorillas, Flink “will be liquidated” in France
2024-04-19T01:11:07.514Z

For the Olympics, SNCF is developing an instant translation application
2024-04-18T23:56:24.154Z

Argentine bonds are celebrating again while the dollar continues to fall
2024-04-18T23:40:25.610Z

Georgieva says immigration is acting as an economic engine for the United States
2024-04-18T22:15:46.750Z

Slight drop in loan interest after the Central Bank's rate cut: when will credit rebound
2024-04-18T22:14:41.124Z

Olympic bonuses: a police union threatens the government with mobilization
2024-04-18T22:01:27.348Z

With their new application, SNCF agents can speak 130 languages
2024-04-18T21:57:00.429Z

Free sale of 22 medications: the union came out to defend pharmacies against the Government and laboratories
2024-04-18T21:50:57.539Z

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

EU approves $60 cap on Russian oil

You may like

Russia's tricks against Western sanctions: How Putin gets around the oil price brake

This is how Russia tricks the West – is the oil price brake stuck?

USA is chasing Putin's ailing ghost fleet - pressure on Russia is growing

Russia's oil trade is suffering from sanctions: an important trading partner is switching to the USA

Russia's oil trade is suffering from sanctions: an important trading partner is switching to the USA

Is Putin tricking the West? Profits for oil and gas apparently increased by 80 percent

US is now hunting Putin's henchmen - to the anger of the Kremlin

US is now hunting Putin's henchmen - to the anger of the Kremlin

Trends 24h

Latest