The United Kingdom has decided to lower the price cap on Russian oil, aligning with a move agreed earlier the same day by the European Union as part...
Vous n'êtes pas connecté
Rubriques :
- ENG.UATV.UA - A La Une - Hier 14:05
UK Follows EU in Lowering Price Cap on Russian Oil
The United Kingdom has decided to lower the price cap on Russian oil, aligning with a move agreed earlier the same day by the European Union as part of its 18th sanctions package against Moscow. According to a government press release cited by Ukrinform, the new measure will reduce the price cap on Russian crude oil from $60 to $47.60 per barrel. This step is expected to directly impact Russia’s oil revenues, which have already dropped by 35% compared to last year. The UK government emphasized that the decision will: Restrict Putin’s oil industry, Lower the market value of Russian crude, Undermine a key source of funding for the Kremlin’s illegal war in Ukraine. “The UK and our EU allies are tightening the screws on Kremlin revenues—cutting off the most valuable stream of funding for Putin’s illegal war in Ukraine. This decisive move to lower the crude oil price cap will target Russia’s oil income, increase pressure on Putin by exploiting his biggest vulnerability, and at the same time preserve global energy market stability,”— said UK Chancellor of the Exchequer Rachel Reeves. Earlier the same day, the European Union approved its 18th package of sanctions, described as one of the harshest to date, which also included lowering the price cap on Russian crude oil to $47.60 per barrel. The post UK Follows EU in Lowering Price Cap on Russian Oil appeared first on Freedom.
Articles similaires
UK tightens Oil Price Cap in blow to Putin’s war machine
caribbeannewsglobal.com - 18/Jul 15:36
UK and EU lower the crude Oil Price Cap, striking at the heart of Putin’s oil revenues New measure will drive down the market value of Russian oil,...
UK tightens Oil Price Cap in blow to Putin’s war machine
caribbeannewsglobal.com - 18/Jul 15:36
UK and EU lower the crude Oil Price Cap, striking at the heart of Putin’s oil revenues New measure will drive down the market value of Russian oil,...
UK Joins EU Push to Hit Russia by Cutting Crude-Oil Price Cap
financialpost.com - 18/Jul 16:16
The UK joined the European Union’s efforts to diminish Russia’s revenues further by lowering the price cap on its crude oil, extending a broader...
UK Joins EU Push to Hit Russia by Cutting Crude-Oil Price Cap
financialpost.com - 18/Jul 16:16
The UK joined the European Union’s efforts to diminish Russia’s revenues further by lowering the price cap on its crude oil, extending a broader...
EU and UK lower price cap on Russian oil in bid to curb Kremlin’s war on Ukraine
theguardian.com - 18/Jul 16:44
EU’s foreign policy chief says latest sanctions package is ‘one of the strongest’ to date
The EU is nearing an agreement on lowering the price cap on Russian oil
eng.uatv.ua - 14/Jul 09:26
EU ambassadors are close to agreeing on the 18th package of sanctions against Russia for its full-scale invasion of Ukraine, which will include a...
The EU is nearing an agreement on lowering the price cap on Russian oil
eng.uatv.ua - 14/Jul 09:26
EU ambassadors are close to agreeing on the 18th package of sanctions against Russia for its full-scale invasion of Ukraine, which will include a...
EU approves 18th Russia sanctions package targeting banks and oil
wn.com - 18/Jul 11:26
The European Union agreed Friday to impose new sanctions on Russia, targeting 22 banks and implementing a dynamic oil price cap mechanism as part of...
EU targets Russia's energy revenue with new sanctions
thewest.com.au - 18/Jul 09:32
The European Union has approved a new raft of sanctions against Russia over its war on Ukraine, including a lower oil price cap to choke Moscow's oil...
Les derniers communiqués
-
Aucun élément