The European Union will join the G7 powers in imposing a USD 60-per-barrel price cap on Russian oil, Warsaw’s Ambassador to the EU Andrzej Sados said. Poland, which was promoting a lower cap, has now withdrawn its objection to the EU proposal, and the deal will be made official in the coming days. Andrzej Sados said the mechanism in the final deal would keep the price cap at least 5% below the market rate.
“The G7, European Union, and Australia have now jointly set a cap on the price of seaborne Russian oil that will help us achieve our goal of restricting Putin’s primary source of revenue for his illegal war in Ukraine while simultaneously preserving the stability of global energy supplies”, said Treasury Secretary Janet Yellen.
“The EU agreement on an oil price cap, coordinated with G7 and others, will reduce Russia’s revenues significantly. It will help us stabilize global energy prices, benefitting emerging economies around the world”, European Commission President Ursula von der Leyen said.
The oil price cap will run alongside the EU's ban on imports of Russian oil, which comes into effect on Monday, and member states hope it will be the most damaging hit yet against the industry fuelling President Vladimir Putin's Russian war machine.
The European Union is jeopardizing its own energy security by setting a price cap on Russian seaborne oil, the chair of the Russian lower house’s foreign affairs committee Leonid Slutsky said.
Ukraine’s security service has raided 9 Orthodox Church buildings in three districts to counter subversive activities of Russian special services in Ukraine. "We have taken some steps to guarantee the spiritual independence of our people. There will be more steps. Ukraine will never stop halfway again”, Ukraine’s President Volodymyr Zelensky said.
It will be sunny on Thursday . There will be light and moderate easterly winds. The lowest temperatures will range from 13°C to 20°C, for Sofia 13°C. Daytime highs will range from 29°C to 37°C, for Sofia 31°C. Sunny weather is in the forecast for..
Bulgaria is the EU member state most affected by forest fires since the beginning of 2024, the Representation of the European Commission in Sofia said on Facebook. According to the European Forest Fire Information System (EFFIS), over 38 000..
There is a high probability that this would be the last regular meeting of the Council of Ministers, caretaker Prime Minister Dimitar Glavchev said at the beginning of the meeting. He wished to report on the activities of the..
President Rumen Radev appointed Bulgarian National Audit Office Vice-President Goritsa Grancharova-Kozhareva as the next caretaker Premier. The..
The emblematic Egyptian vulture is making a comeback after being on the verge of extinction, the Bulgarian Society for the Protection of Birds (BSPB)..
On Saturday the weather in Bulgaria will be sunny . Over Central and Eastern Bulgaria there will be temporary increases in clouds and in places it will..
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