{"id":540883,"date":"2022-12-05T11:20:39","date_gmt":"2022-12-05T05:50:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=540883"},"modified":"2022-12-05T11:20:39","modified_gmt":"2022-12-05T05:50:39","slug":"eu-reaches-deal-for-60-per-barrel-price-cap-on-russian-oil","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/eu-reaches-deal-for-60-per-barrel-price-cap-on-russian-oil\/","title":{"rendered":"EU reaches deal for $60 per barrel price cap on Russian oil"},"content":{"rendered":"<p>BRUSSELS: The European Union reached a deal Friday for a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his war in Ukraine.<\/p>\n<p>After a last-minute flurry of negotiations, the EU presidency, held by the Czech Republic, tweeted that \u201cambassadors have just reached an agreement on price cap for Russian seaborne #oil.\u201d The decision must still be officially approved with a written procedure but is expected to go through.<\/p>\n<p>Europe needed to set the discounted price that other nations will pay by Monday, when an EU embargo on Russian oil shipped by sea and a ban on insurance for those supplies take effect. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>BRUSSELS: The European Union reached a deal Friday for a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to reorder the global oil market to prevent price spikes and starve President Vladimir Putin of funding for his war in Ukraine. After a last-minute flurry of negotiations, the EU presidency, held by the Czech Republic, tweeted that \u201cambassadors have just reached an agreement on price cap for Russian seaborne #oil.\u201d The decision must still be officially approved with a written procedure but is expected to go through. Europe needed to set the discounted price that other [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-540883","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/540883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=540883"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/540883\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=540883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=540883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=540883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}