The European Union and Britain have been pushing the Group of Seven nations to lower the cap for the last two months after a ...

EU diplomats said the floating cap would be recalibrated every three months based on the 10-week average of global prices, ...

The European Union may link the so-called price cap on Russian oil to global market prices. Source: Bloomberg Quote: "Member ...

According to the report, EU member states are considering a proposal to lower the cap for Russian oil, which is currently set ...

The EU's top diplomat on Friday slammed Russia's latest blitz on Ukraine as "unacceptable", saying the 27-nation bloc was ...

The proposed price cap would be set at 15% below the market rate based on a 10-week average, lowering the threshold to $50 ...