US: Price caps on Russia’s oil cut half revenues
Deputy Treasury Secretary Wally Adeyemo said that “In just six months, the price cap has contributed to a significant decline in Russian revenue at a key juncture in the war,”…
price cap on a basic amount of energy
G-7 joins EU: $60-per-barrel price cap on Russian oil
Europe needed to set the discounted price that other nations will pay by Monday, when an EU embargo on Russian oil shipped by sea and a ban on insurance for…
Read MoreEU: Deal for $60-per-barrel price cap on Russian oil
The European Union reached a deal Friday for a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent…
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Putin’s Energy War tests EU Nations Solidarity
Putin’s Energy War tests EU Nations Solidarity Newslooks- BRUSSELS (AP) European Union leaders enter a crucial stretch this week to make sure runaway energy prices and short supplies do not…
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EU agrees to impose price cap for Russian oil
EU agrees to impose price cap for Russian oil Newslooks-BRUSSELS (AP) European Union countries agreed Wednesday to impose a price cap on Russian oil and other new sanctions after Moscow…
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Germany’s Scholz: New Energy & Inflation Relief Plan
Germany’s Scholz: New Energy & Inflation Relief Plan Newslooks- BERLIN (AP) Germany will invest an additional 65 billion euros (dollars) in a new round of measures aimed at easing the…
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