Posted on 07/14/2025 4:49:14 AM PDT by marcusmaximus
European Union envoys are on the verge of agreeing an 18th package of sanctions against Russia for its full-scale invasion of Ukraine that would include a lower price cap on Russian oil, four EU sources said after a Sunday meeting.
-snip-
The sources said they had also agreed to a dynamic price mechanism for the price cap. On Friday, the European Commission proposed a floating price cap on Russian oil of 15% below the average market price of crude in the previous three months.
One of the sources said the initial price would be around $47 a barrel based on the average price of Russian crude for the last 22 weeks minus 15%. Further, the price would be revised based on the average oil price every six months instead of the proposed three months.
Slovakia - which has held up the proposed package - is still seeking reassurances from the European Commission on its concerns about plans to phase out Russian gas supply but it has agreed to the new measures, the sources said.
(Excerpt) Read more at tvpworld.com ...
But don’t EU countries buy LOTS of oil from Russia, particularly during the winter?
Wait until winter, when EU Countries are freezing.
I see mucus is shaking his Trump Train strawman at you, when he didn’t bother to celebrate Trump’s victory in November with the rest of us - instead slinking off to get new guidance from his Ukie handlers.
I see mucus is shaking his Trump strawman at you, when he didn’t bother to celebrate Trump’s victory in November with the rest of us - instead slinking off to get new guidance from his Ukie handlers.
Check his posts from back then - he wanished off Free Republic for the day, and didn't post any of his spam until Little Zee's boys told him what was what.
Good catch. Thanks for the heads-up on that one.
China, India and other countries receiving Russian oil aren't abiding by the price cap. Nor will they.
[Future]
War Over!
Putin announces 15% permanent discount for all EU stuff to be imported to Russian Federation.
EU car price 40,000 Euros
RF car price 34,000 Euros for same car
But we only cheated Russians out of 15% for three years!
You anti-Russian Europeans now get discount price lesson from Putin Pricing Academy of Russian Federation forever.
Putin has 50 days to end the war. The click is ticking.
Russia is a pariah state almost as bad as Iran.
Russia is a member of BRICS+ which includes over half the population of the world. The BRICS+ has a greater GDP than the G7.
I wonder what the Vegas odds are on which package of sanctions will be the one to carry Ukraine to victory?
Seems kind of Monty Pythonesque — And I shall TAUNT you again, sirrah, for the 18th time sirrah, I shall continue to TAUNT you until you come to the negotiating table. In shackles. To sign the terms of surrender.
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