The European Commission told member states that a $60-a-barrel cap on the price of Russian oil is proving effective in hurting the Kremlin’s access to petrodollars while not disrupting the market, and will remain unchanged for now, says an article published on Yahoo.
Global oil prices from spikingThe bloc’s executive arm told diplomats from the EU’s 27 member states this week that there is no willingness among most Group of Seven countries to lower the threshold...