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Politics

EU countries rush to avoid disastrous revision of Russian oil price cap

My-europe | Euronews RSS Russia 10 July 2026, 05:00 UTC 1h ago

EU countries rush to avoid disastrous revision of Russian oil price cap — My-europe | Euronews RSS

If ambassadors fail to agree on the sanctions by 15 July, the price cap on Russian oil will be automatically revised, going all the way up to $58 per barrel, a scenario that Brussels considers unpalatable.

This story was reported by My-europe | Euronews RSS. EUROPES curates Europe's most relevant coverage — read the full report at the original source.

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