The West is preparing to impose a cap for products such as diesel and one on low-value products like fuel oil.

The European Union is heading for intense talks in the coming days over how to further curb Russian revenues from exports of ...

G-7 officials have agreed to review the level of the price cap on exports of Russian oil in March, later than originally ...

Ambassadors of European Union governments on Friday discussed a European Commission proposal to set price caps on Russian oil products from Feb 5, but reached no decision and decided to continue talks ...

Russia has been offering Asian buyers shipping and insurance services that inflate the end price of its crude – which is ...

EU officials have failed to iron out the details of the price cap of Russian oil products going into effect on February 5 ...

The European Union is considering setting a $100 a barrel price cap on Russian diesel to limit the potential fallout on ...

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 European Commission is proposing that the EU set a $100 per barrel price cap on premium Russian oil products like diesel and a $45 per barrel cap on discounted products like fuel oil, an EU ...

Russia's war in Ukraine is hitting Africans particularly hard by exacerbating food insecurity and putting an unnecessary drag ...

European Union countries have agreed to put a cap on Russian oil prices of $60 per barrel, bringing an end to days of arguments over how hard to hit Vladimir Putin's fossil fuel revenues. According to ...

The Group of Seven countries, Australia and the European Union will extend sanctions on Russia for its war in Ukraine by ...