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The EC will lower the ceiling on Russian oil prices as part of the sanctions


June, 10 2025
watermark Economic news

The European Commission plans to propose lowering the ceiling on oil prices from Russia to $45 per barrel and banning the use of the Nord Stream infrastructure as part of the new sanctions.


According to the publication, the new package of sanctions will include lowering the current price ceiling from $60 to $45 per barrel.


In addition, the European Commission intends to impose new sanctions against Russian banks and courts linked to Russia, as well as take measures to protect Belgium from possible lawsuits from Moscow over frozen assets. 


Experts express optimism about the possibility of reaching agreement among EU countries on a new package of sanctions by the end of July.



    






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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.