EU, as part of sanctions, sets price cap for oil from Russia at $47.6 per barrel – media

11:05, 18.07.2025 1 min read

The EU, as part of the 18th package of sanctions, has lowered the G7-set price cap for Russian oil to $47.6 per barrel, European media reported on Friday, citing diplomatic sources.

The reports do not explain whether this decision applies only to the EU or to the G7 countries. Previously, the G7 set a price cap of $60 per barrel.