UK joins EU in lowering price cap for Russian oil. Alongside the EU, the UK is reducing the price cap on Russian oil from US$60 to US$47.60 per barrel “directly hitting Russia’s oil revenues, which have already fallen 35% year-on-year to May”.

UK joins EU in lowering price cap for Russian oil. Alongside the EU, the UK is reducing the price cap on Russian oil from US$60 to US$47.60 per barrel “directly hitting Russia’s oil revenues, which have already fallen 35% year-on-year to May”.

https://www.pravda.com.ua/eng/news/2025/07/18/7522424/

by Lion8330