Home » News » Russia » EU targets Russia with sanctions, lower oil price cap

EU targets Russia with sanctions, lower oil price cap

image_pdfimage_print

June 10 (UPI) — The European Commission on Tuesday unveiled its latest in a series of sanctions against Russia targeting energy exports, infrastructure and finances.

“Oil exports still represent one-third of Russia’s government revenues,” European Commission President Ursula von der Leyen said at a news conference in Brussels, Belgium.

“We need to cut this source of revenues,” she added.

The measures aimed to put pressure on Moscow to end Russia’s war in Ukraine include a proposal to lower the current $60 oil price cap to $45 per barrel and bans use of the Nord Stream pipelines between Germany and Russia.

Continue reading HERE

Source: https://www.upi.com/Top_News/World-News/2025/06/10/Belgium-European-Commission-Russia-sanctions/3571749570768/


[Disclaimer]