Brussels had planned to lower the cap on Russian crude from $60 to $45 per barrel in the latest package of sanctions The EU has stepped back from its proposal to reduce the price cap on Russian seaborne oil sales, according to European Commission President Ursula von der Leyen, as cited by Agence France-Presse. The move was intended to be a major component of the bloc’s latest package of sanctions against Russia. Following the escalation of the Ukraine conflict in 2022, the EU and G7 nations