The EU will propose to the G7 countries to lower the price ceiling for Russian oil

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19:15; 19 May 2025 year
сгенерировано ИИ

© сгенерировано ИИ

The European Commission will propose to the G7 countries to lower the price ceiling for Russian oil to $50 per barrel. This was announced by European Commissioner for Economics Valdis Dombrovskis, without revealing the exact details. 

Reuters sources claim that this will be part of the 18th package of sanctions.

Let us remind you that the European Union is preparing the largest simultaneous application of several sanctions regimes against Russia in its history. In total, more than 130 separate sanctions will be adopted, European officials say. This will be announced on May 20 at a meeting of the EU Council on Foreign Affairs.