The European Commission told member states that a $60-a-barrel cap on the price of Russian oil is proving effective in ...

Critics have blasted the Russian oil price cap for being ineffective, with little impact on Russia's war revenue.

The European Commission has told EU member states that the price cap on Russian crude oil will remain at $60 per barrel for now.

Maintain the flow, hit the money: that’s the mantra of the Group of Seven nations as they seek to keep Russian petroleum in ...

Group of Seven Nations are not likely to revise a price cap on Russian oil this week, two European Union officials and one ...

Ukrainian President Volodymyr Zelenskyy said the decision to impose a $60 price cap on Russian seaborne oil can’t be called “a serious decision” as that level is “quite comfortable” for Russia's ...

The measure is eating into Kremlin fossil fuel export profits and exacerbating a ballooning budget deficit amid Russia's war ...

Russian officials said the sales to friendly countries have offset the impact of Western oil sanctions imposed since the ...

It was a bit more than six months ago when the G-7 announced a novel plan to try and cap the price of Russian oil worldwide.

Russia is overhauling how oil companies are taxed, aiming to bolster state revenues by capturing a bigger share of crude ...

EU countries on Friday agreed a cap on the global price of Russian petroleum products, ahead of a full import ban on Russian oil products that comes into force on Sunday. Ambassadors agreed to cap the ...

Russia still depends on Western insurance for more than half its oil cargoes, suggesting the West still has plenty of ...