Estonia has threatened to block the EU’s 18th sanctions package against Russia unless the bloc agrees to lower the oil price ...

The European Union faces challenges in adopting its 18th sanctions package against Russia due to disagreements over the oil ...

Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with ...

The price of Russian crude oil has risen above a price cap set by the Group of Seven nations, in the first “real test” of whether the West can enforce one of its key sanctions against Moscow.

The typical household bill for those who have still not signed up to a fixed tariff will drop by £129 to £1,720 per year.

The price cap will essentially be an exception to Western sanctions, allowing Russian oil to be sold and shipped as long as it remains below a certain price.

Gas and electricity bills will fall in July, when a new price cap takes effect. It will more than reverse the increase for millions of households on 1 April under the current cap.

A price cap on insulin from one of the three major manufacturers took effect on New Year's Day, giving more Americans with diabetes more affordable treatments. As of Jan. 1, 2024, Sanofi cut the ...