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The European Union lowers the price cap on Russian oil to $44.10 per barrel

January 16, 2026AL24 | الاقتصادal24news.dzTranslated from Arabic
AL24 | الاقتصاد

The European Commission announced on Thursday that it has lowered the price cap on Russian oil to $44.10 per barrel effective February 1, in a move aimed at limiting Russian oil revenues. The price cap was imposed as part of last year's sanctions, with a moving cap set for Russian crude oil prices at 15 percent below the market average, according to ...

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