The price cap aims to reduce Russia's income from selling crude, while preventing a spike in global oil prices.The European Union has reached a deal for a $60-per-barrel price cap on seaborne Russian oil, aimed at significantly reducing Moscow's income and President Vladimir Putin's ability to continue to finance the war in Ukraine.
#significantly #white-house #president-joe-biden #negotiations #introduction #publication #european-union #differences #czech-republic #ursula-von-der-leyen
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