EU agrees oil price cap in new Russia sanctions plan
Final details of the deal to hit Putin’s oil revenues are due to be put into writing on Wednesday.
EU ambassadors reached an outline agreement on new sanctions to hit Vladimir Putin's war with Ukraine, including a price cap on Russian oil sales, according to seven European diplomats.
The package, which is the 8th round against Moscow, was proposed by European Commission President Ursula von der Leyen last week, after the Russian president threatened to use nuclear weapons and mobilised hundreds of thousands of reservists.
A range of EU countries had raised concerns over the new measures, especially on the oil price cap, and details still need to be signed off in writing.