European Union member states on Friday reached agreement on price caps for Russian petroleum products, ahead of an international embargo set to go into force over the weekend, Sweden said.
“EU ambassadors today approved the price caps on petroleum products ahead of final adoption by the European Council (representing EU member states),” tweeted officials from Sweden, which currently holds the rotating EU presidency.
The move is the latest part of an international push to limit Russian President Vladimir Putin’s war chest for his assault on Ukraine by targeting his key exports.
