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EU proposes lowering Russia oil price cap in new round of sanctions

World News

10-06-2025 | 09:25

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EU proposes lowering Russia oil price cap in new round of sanctions

The European Union on Tuesday proposed slashing a price cap on Russia's global oil exports as part of a new package of sanctions over the Ukraine war.

European Commission President Ursula von der Leyen proposed reducing the current level from $60 to $45 as Moscow delays a ceasefire in Ukraine.

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