Russian Oil Price Cap

France released the seized oil tanker GRINCH after imposing a multi-million euro penalty on the vessel's owner for suspected involvement in Russia's shadow

Greece and Malta have emerged as the main obstacle to a European Union proposal to replace a Russian oil price cap with a ban on the services needed to ship

The EU proposes unprecedented sanctions targeting ports in Georgia and Indonesia that handle Russian oil, marking the first time the bloc has sanctioned

The European Union has rolled out its toughest Russia sanctions package yet, imposing a full ban on maritime services for Russian crude oil, cutting the price

The European Union and the United Kingdom have tightened the screws on Moscow’s oil income, lowering the price cap on Russian seaborne crude to $44.10 per

The European Union has imposed sanctions on 41 additional vessels belonging to Russia’s shadow fleet, marking a significant escalation in efforts to

The Group of Seven countries and the European Union are in talks to replace a price cap on Russian oil exports with a full maritime services ban in a bid

The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures aimed at dealing further blows

The European Union has adopted its 18th package of sanctions against Russia, with significant measures targeting the maritime sector and Russia’s shadow

The European Union did not approve the 18th Russia sanctions package on Tuesday, the EU's foreign chief Kaja Kallas said after a meeting with EU foreign

BRUSSELS, July 11 (Reuters) – The European Commission proposed on Friday a floating price cap on Russian oil of 15% below the average market price

The European Commission is expected to propose a floating Russian oil price cap this week as part of a new draft sanctions package in an attempt to overcome

Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald

The value of Russia’s crude shipments hit a two-year low in the four weeks to May 25 even as Moscow shrugged off a threat that the G-7 group of nations

Greek shipowners are returning to Russia's Urals oil market as the price slides below the Western price cap of $60 per barrel, allowing them to provide

By Julian Lee and Lucia Kassai Apr 11, 2025 (Bloomberg) –A slump in oil prices is allowing Russia’s crude to be carried on tankers owned and

Sweeping U.S. sanctions on Russia's oil industry will make it more expensive for Moscow to sell its oil and complicate sea-borne crude exports due to

The United States is continuing to look for creative ways to reduce Russia's oil revenue and lower global demand for oil creates an opportunity for more

The UK’s sanctions enforcement agency said it has identified cases where falsified documents are being used to evade a Group of Seven price cap on Russian

The Price Cap Coalition has released an updated advisory aimed at curbing illicit practices and enhancing safety in the oil shipping industry. The coalition,