Canada and EU agree on measures to reduce Russian oil revenue
TL;DR Summary
Canada is joining allies in lowering the Russian oil price cap to $47.60 per barrel as part of broader sanctions to pressure Russia financially amid its war in Ukraine, aligning with EU and UK measures to restrict Russia's revenue from energy exports, which fund its military efforts.
- Canada aligns with allies to lower Russian oil price cap The Kyiv Independent
- Canada will lower price cap for Russian oil CTV News
- 18th package of EU sanctions to cost Russia at least $10 billion by end of year Ukrinform
- Canada supports lowering price cap on Russian oil Українська правда
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