Tag: price caps

US Treasury Issues New Guidance for Price Caps on Russian Oil

November 1, 2022
Business & Marketseconomic policieseconomyenergyEuropeMarketsPolicies & ImpactsPoliticsprice capsRussia-Ukraine WarRussian oilsanctionsUSWorld
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The Department of the Treasury recently issued new guidance for price caps on Russian oil, in order to keep energy markets calm. The announcement by Washington is intended to provide breathing room for energy traders and shipping companies, as it attempts to reassure the markets about its new round of sanctions. The Treasury announced, on Oct. 31,…

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European Gas Declines After Price Cap Proposal

October 21, 2022
Business & Marketseconomyenergyenergy marketsEU energy crisisEuropegas pricesMarketsprice capssanctions on RussiaWorld
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Natural gas prices in Europe fell after the region’s leaders agreed on measures to contain the energy crisis, including a proposal to set price caps. European Union (EU) leaders called on the European Council and the European Commission to “urgently” submit decisions regarding “a temporary dynamic price corridor on natural gas transactions to immediately limit…

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European Union Agrees on Capping Russian Oil Prices

October 6, 2022
Business & Marketseconomic policiesenergyEuropeEuropean UnioninflationOPECprice capsRussia-Ukraine WarsanctionsWorld
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The European Union (EU) has agreed on an eighth package of sanctions against Russia for its invasion of Ukraine, which includes an agreement to cap the prices of Russian oil. The package was proposed last week by European Commission President Ursula von der Leyen after Russian President Vladimir Putin threatened the use of nuclear weapons….

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