The EU's 18th sanctions package will include a new Russian oil price cap lowering the maximum cost per barrel to $47, down from $60.
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The new Russian oil price cap will lower the maximum cost per barrel to $47, down from $60
The price cap will be calculated by subtracting 15% from the 22-week average price
The price cap will be revised every six months instead of every three
Most of the sanctions discussion focused on making the Russian oil price cap dynamic, automatically changing with market fluctuations.
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Extraction metadata
Extracted: 2026-05-30T04:27:00.237Z
Source story: slovakia-agrees-to-approve-eus-18th-sanctions-package-against-russia-fico-says