EU freezes Russia oil price cap for a week as sanctions delayed
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Source: Politico
Published: 2026-07-16 04:16 UTC+10:00
Section: Banks
Factuality Score: 100
Opinion Category: Neutral
Topics: Europe, Iran, Ukraine/Russia, Energy, Elections
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Snippet:
BRUSSELS — EU countries failed for a third consecutive day on Wednesday to agree on a new package of sanctions against Russia, forcing them to temporarily freeze the bloc’s price cap on Russian crude for another week.
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