The European Union shelved a plan for a stricter price cap on Russian oil exports over concerns that the US won’t back ...

The US has so far refrained from endorsing a lower price cap on Russian oil, prompting the question of whether the EU can dare to go it alone. View on euronews ...

The ministers said they plan to implement a price cap in line with the timing of European Union sanctions on Russian oil set to kick in on Dec. 5.

To implement the cap, the G-7 will have to get E.U. member states to amend the bloc’s sixth round of sanctions. The oil cap news comes as the E.U. considers emergency measures to tackle soaring ...

The negotiations over the price cap on Russian oil sales, ... those points had seemingly been secured and E.U. diplomats entered what they hoped would be their last round of talks before sealing a ...

The US sanctioned three shipping companies located in the United Arab Emirates for allegedly violating the $60-per-barrel price cap on Russian oil in its second round of penalties for apparent ...

The cap plan seeks to keep the Russian oil moving to market, but only if it is steeply discounted. Russia could still ship its oil with Western backing if that oil is sold for no more than a price ...

European Commission head Ursula von der Leyen is calling for a price cap on Russian pipeline natural gas. According to the EC head, such a price cap would interfere with President Vladimir Putin ...

The US has so far refrained from endorsing a lower price cap on Russian oil, prompting the question of whether the EU can ...