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Ukraine war: EU set to approve cap on price of Russian oil

Scott

By Scott
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Tanker, Ship, Oil Tanker, Tanker, Tanker

The European Union looks set to approve a cap on the price of Russian oil after Poland gave its backing.

The plan, which stops countries paying more than $60 (€57; £48) a barrel, needed the agreement of all EU states.

Poland announced its support on Friday after being reassured the cap would be kept at 5% lower than the market rate.

https://www.bbc.com/news/world-europe-63840412

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