EU reportedly mulls replacing Russian oil price cap with ban on services
- The EU is considering replacing its price cap on Russian oil with a ban on maritime services as part of a new sanctions package over Russia’s war in Ukraine.
- Under the proposal, European companies would be prohibited from providing services such as insurance and transportation needed to ship Russian oil, regardless of the oil’s price.
30 Jan 2026 - 16:09- EnergyGeopolitical- Source: Finx
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