Europe reaches deal for price cap on Russian diesel
1 year, 10 months ago

Europe reaches deal for price cap on Russian diesel

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy European Union governments tentatively agreed Friday to set a $100-per-barrel price cap on sales of Russian diesel to coincide with an EU embargo on the fuel — steps aimed at ending the bloc's energy dependence on Russia and limiting the money Moscow makes to fund its war in Ukraine. Diplomats representing the 27 EU governments set the cap on Russian diesel fuel, jet fuel and gasoline ahead of a ban taking effect Sunday. If the price cap works as intended and Russian diesel keeps flowing, fuel prices should not skyrocket, analysts say. Fossil fuel sales are a key pillar of Russia's budget, but European governments previously hesitated to cut off their purchases because the economy was heavily dependent on Russian natural gas, oil and diesel.

History of this topic

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1 month, 2 weeks ago
Two US treasury officials visiting India to urge Modi govt to maintain implementation of Russian oil price cap
8 months, 3 weeks ago
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11 months, 1 week ago
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1 year ago
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1 year, 2 months ago
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1 year, 2 months ago
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1 year, 3 months ago
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1 year, 6 months ago
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1 year, 8 months ago
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1 year, 8 months ago
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1 year, 9 months ago
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1 year, 10 months ago
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1 year, 10 months ago
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Europe bans Russian diesel, other oil products over Ukraine
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European Union bans Russian diesel, oil products over Ukraine
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1 year, 10 months ago
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1 year, 10 months ago
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1 year, 11 months ago
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1 year, 11 months ago
G7 Seeks Two Price Caps for Russian Oil Products
1 year, 11 months ago
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1 year, 11 months ago
Vladimir Putin bans Russian oil exports to countries that imposed price cap over Ukraine war
1 year, 11 months ago
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Russia threatens to slash oil supplies in 2023, spooks markets
2 years ago
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2 years ago
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2 years ago
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2 years ago
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2 years ago
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
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