Tag: price cap

Russia Will Not Go Along With Oil Price Cap, Kremlin Confirms

Spokesman Dmitry Peskov said that Moscow had prepared for this price cap—a controversial, and according to some experts, ineffectual mechanism that would ‘force’ Russia to sell its oil for less than current market value. 

EU Agrees to $60 Price Cap on Russian Seaborne Oil

The move comes despite Russian President Vladmir Putin’s warning that attempts by the West to cap the price of Russian oil would have “grave consequences” for world markets.

EC President: Delay on Gas Price Cap is Unacceptable

Charles Michel is growing increasingly impatient with Ursula von der Leyen’s failure to come up with measures to blunt the pain of high energy costs inflicted on EU citizens and companies.

Energy Price Caps: Good or Bad?

The actual fallout of the price cap depends in part on the contractual situation between seller and buyer. However, no contract is immune to the forces of the free market.