EU Will Not Impose Complete Ban on Russian Oil, But Plans to 'Freeze' Price Cap - Reports

NAMPA / Sputnik
2026-06-02
MOSCOW, June 2 (RIA Novosti) - The EU intends to "freeze" the current cap on Russian oil prices as part of measures against Moscow, but the bloc is unlikely to impose a complete ban on oil from Russia, Politico reported on Tuesday, citing diplomats. The current price cap is due to expire this summer and will be automatically adjusted upward if no action is taken, the news portal reported, adding that a key proposals is to lock in a price cap. On......
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