Reuters
01 Jun 2026, 15:21 UTC · 2h ago
EU may keep Russian oil price cap unchanged at $44 per barrel to pressure Moscow

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Reuters
01 Jun 2026, 15:21 UTC · 2h ago

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The European Commission may keep the G7 price cap on Russian crude unchanged during its July review. — Maintaining the cap limits Russia's revenue potential but suggests a lack of escalation or significant policy shift in energy sanctions.
-0.40The EU is utilizing the price cap to limit Moscow's windfalls from the Iran war and oil price shocks. — This confirms a strategic intent to keep global oil prices suppressed or controlled to weaken Russian fiscal capacity.
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