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EU Approaching Approval of 18th Sanctions Package Against Russia, Including Oil Price Cap
2025-07-15 /
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Author：小编
The European Union (EU) is poised to finalize an agreement on its 18th package of sanctions against Russia. This package notably includes imposing a price cap on Russian oil at $47 per barrel and establishing a mechanism for semi-annual dynamic adjustment based on market average prices. The comprehensive agreement is anticipated to be reached on Monday, with formal approval expected to follow on Tuesday.
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