EU May Freeze Russian Oil Cap to Block Automatic Price Hike Amid Iran War

Federaţia Rusă

The EU is exploring emergency interventions to its maritime trade restrictions, moving to temporarily freeze the price cap on Russian crude oil to prevent global energy market disruptions from handing an unintended financial windfall to the Kremlin , Bloomberg reported. Middle East energy crisis is triggering an automatic loophole Last year, the EU established a dynamic, automatic mechanism designed to continuously squeeze Russian oil revenues. The rule mandates that every six months, the price

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