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 Poland, which was promoting a lower cap, has now withdrawn its objection to the EU proposal, and the deal will be made official in the coming days.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.
Clear and almost calm weather will prevail overnight. Friday will be mostly sunny. Visibility will be reduced in the morning hours in places in the valleys. The cloudiness will start to increase from the west and in the afternoon in..
North Macedonia’s President Gordana Siljanovska-Davkova will visit Bulgaria on September 13, BTA reported, citing information from Siljanovska's office in Skopje. During her visit to the Bulgarian capital, Gordana Siljanovska-Davkova will meet with..
The Supreme Administrative Court rejected the appeal of the coalition around Ahmed Dogan - "Democracy, Rights and Freedoms - DPS" against the CEC's refusal to register it for participation in the elections on October 27. The..
Defence Minister Atanas Zapryanov has cancelled the air show at the Graf Ignatievo Air Base after an L-39 ZA military transport plane crashed, the..
President Rumen Radev was co-pilot in an F-16 fighter piloted by an Italian pilot. The demonstration flight from the Graf Ignatyevo airbase lasted 40..
On Saturday, northwesterly winds will bring cooler temperatures across the country. Cloudiness will be variable to significant, with showers and..
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