Kananaskis, Canada, June 17, 2025 (AFP) - EU chief says pressure off for lower Russia oil price cap

NAMPA / AFP

2025-06-17

EU Commission Chief Ursula von der Leyen on Tuesday said surging energy prices have reduced the urgency to slash the price cap on Russia's global oil exports. The European Commission, the EU's executive arm, had suggested cutting the current oil price cap from $60 to $45 as Moscow drags its feet on a ceasefire in Ukraine. The measure would have been a major component of a fresh wave of sanctions against Russia planned by the EU, with hopes that t......

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