Kremlin rejects EU’s $60 price cap on Russian oil – By Patrick Hilsman (UPI) / Dec 3, 2022
Dec. 3 (UPI) — The Kremlin on Saturday rejected an agreement by the European Union and other advanced economies placing a $60 per barrel price cap on Russian oil exports.
On Friday EU ambassadors agreed to the price cap, which will apply to Russian oil delivered by sea. The United States and other G7 nations adopted a similar measure.
The move, meant to apply more Western pressure on Russia over its invasion of Ukraine, is set to come into force on Monday –
Russian reaction was swift and indigent.
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