Europe agrees to cap the price of Russian oil at $60 a barrel | CNN Business

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The European Union has agreed to limit the price of Russian oil in an effort to hinder Putin's war on Ukraine.

News of the deal, which had needed approval from holdout Poland, was confirmed on Twitter by the president of the European Commission, Ursula von der Leyen, marking a key milestone in the West’s efforts to punish President Vladimir Putin without adding to stress on the global economy.

and Russia announced a big production cut in October, but that had little sustained impact on prices. The EU embargo and efforts to set a price cap could begin to push them higher again.

 

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DNCNN using the Bidenite regime’s propaganda rhetorical framing. An utter hack, garbage DNC propaganda outlet.

Stop buying Russian oil. 🙄

Thought they weren’t buying from there 😅😅😅

It is like saying all agreed to bell the cat🐱🐱🐱🐱

Watching the EU stab itself in the face with each sanctions package is starting to lose its comedic effect.

still thinking for the right comment to make

Calling it Putin's war and still go ahead persecuting individual Russians all over the world.

Very stupid, as all the EU sanctions up till now only ruin the EU economy, while the Russian economy is booming, and the rest of the world is laughing at us, the Europeans. We should urgently re-establish good mutually-beneficial relationship with Russia.

The fighting is currently ongoing on the core Russian territory.

Hypocrisy on the highest level. Why didn't they just boycott Russian oil instead of limiting it the purchase?

😂😂😂😂White people are very funny. Don't buy the oil completely. By the way where are those sanctions

Keep the people in Ukraine warm this Winter,, keep them fed,, give them fuel for cooking and heating their house. Putin has attacked civilians by taking away power to warm their homes and cook their food,, the UKRAINE PEOPLE need YOU !! So don’t let RUTHLESS DICTATOR PUTIN - Win.

It's time to start trading your crypto currency with ALSO CONTACT OUR LIVE SUPPORT FOR MORE GUIDELINE

Are we still purchasing Russian oil?

Too high, 30 better.

Sensible replies only please. I’m trying to work out the logistics of a price cap. I presume Russia charge, lets say $100 per barrel. The EU are only going to pay $60 a barrel. So I presume Russia could turn round and stop providing oil? Is it that simple?

hey europe you guys are going to freeze for the next 4 months because of this BS my buddy already said your energy cost is up 4 times from the previous!.

Funny.

Jajajaja. Sure..?..

Buy 1 get 1 free

About time too.

Europe doesn’t fix the price, it’s Putin that’s doing so

Jokers😂😂😂😂

Harana news base reported Milad Ashrafi Atbatan and Manouchehr Shahbandi Bejandi were executed in the Rajaeeshahr prison of Karaj on charges of 'intelligence cooperation with Israel'. Their death sentence was issued in June and was recently confirmed by the Supreme Court.iran

Russia won't sell Oil to the EU

This will lead to higher oil prices in the markets (it's winter) and therefore inflation will still increase ⚠️It's a big mistake! It is necessary to open oil to markets from other countries (for example, Venezuela). Then the price of oil itself will fall!📉

Very stupid, as all the EU sanctions up till now only ruin the EU economy, while the Russian economy is booming, and the rest of the world is laughing at us, the Europeans. We should urgently re-establish good mutually-beneficial relationship with Russia.

BaddCompani How about just not buying it at all?

Lower. Please.

BaddCompani That’s great news! Anything to hurt him is a positive!!

Why buy any at all.....

Fabulous..

They're forcing Russia to cement their agreements with Iran, OPEC, and China. The EU is screwing itself and its citizens.

If it brings peace, it's a good idea, but if it works, maybe there won't be a fierce battle between the two sides

Imagine if Europe had an alliance with a country that could provide fuel in a time of need.

Russia is going to stay in Ukraine until the aid dries up Ukraine would have to be permanently funded forever to actually stop Russia taking over once the aid dries up. Hardly anyone is talking about this unless we plan to fund Ukraine forever it will all be for nothing.

This week the free market oil price was $74!! Is $60 a huge punishment?! Isn’t this more like a slap on the wrist?!

Will that change anything?

And Russia already has a plan to retaliate.

STOP FUCKING BUYING IT!

I hope it won't backfire as Putin always laughs last.

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