EU set to approve cap on price of Russian oil
Posted on AllSides December 2nd, 2022
From The Center
GETTY IMAGES
The European Union looks set to approve a cap on the price of Russian oil after Poland gave its backing.
The plan, which stops countries paying more than $60 (€57; £48) a barrel, needed the agreement of all EU states.
Poland announced its support on Friday after being reassured the cap would be kept at 5% lower than the market rate.
A price cap was put forward by the G7 group of nations in September and aims to stop Moscow profiting from oil exports while avoiding a price spike.
Poland's...
AllSides Media Bias Rating: Center
Related Coverage
HEADLINE ROUNDUP
Johnson Unveils Foreign Aid Package Despite Republican Criticism
