EU freezes Russian oil price at $44.10 per barrel for 12 months. New all-time high in crude oil by September 30 at 6.7% YES.

EU freezes Russian oil price at $44.10 per barrel for 12 months. New all-time high in crude oil by September 30 at 6.7% YES.

European Union countries on July 23 agreed a new watered-down round of sanctions on Russia over the Ukraine war after weeks of haggling, freezing the level of an oil price cap.

The EU has banned its banks from conducting cross-border transactions with 32 Russian banks, European Commission President Ursula von der Leyen said

El acuerdo llega tras semanas de negociación marcadas por las reticencias de algunos países a prohibir el transporte de gas natural licuado.

EU extends oil price cap and imposes new sanctions on Russia. Crude oil reaching a new all-time high by December 31 at 20.5% YES.

EU agrees on a new sanctions package against Russia, maintaining an oil price cap and targeting key sectors amid Ukraine's ongoing conflict.