Earlier that day, Reuters reported that most of the G7 countries are ready to lower the price cap on Russian oil exports from $60 to $45 per barrel, even if U.S. President Donald Trump opts out of ...

The European Commission plans to propose a new sanctions package cutting the Russian oil price cap to $45 and banning the use of Nord Stream infrastructure, signaling a tougher energy crackdown.

Estonia may block the adoption of the European Union's 18th sanctions package against Russia if the price cap on Russian oil ...

The European Union proposed a ban on the Nord Stream gas pipelines and the reduction of an oil price cap as part of a new sanctions package that aims to pile pressure on Moscow to end its war ...