Euromaidan Press
News and Opinion from Ukraine and Europe on Military and Political Developments.
G7 agree to price cap for refined Russian oil
The international Group of Seven industrialized countries agreed on 3 February on a price cap for refined Russian oil exports, VOA reports.
US Treasury Secretary Janet Yellen said in a statement that the agreement follows a similar price cap on crude Russian oil exports set in December and “helps advance our goals of limiting Russia’s key revenue generator in funding its illegal war” in Ukraine. Officials say the cap is at two levels — $100 per barrel for Russian diesel and other fuels that sell for more than crude, and $45 per barrel for Russian oil products that sell for less than the price of crude, such as fuel oil.
The European Union plans to cap the price of Russian fuel at $100 a barrel – Bloomberg
The cap would apply to products like diesel that trade at a premium to crude. A lower $45 threshold would also be set for fuel oil, according to Bloomberg.https://t.co/5b7ryP9Oc8
— Euromaidan Press (@EuromaidanPress) January 26, 2023
The price caps come as a European Union ban on Russian oil product imports is set to go into force on 5 February.
Read also:
The US and its allies agreed to introduce two price caps for Russian oil products
US, Allies Prepare Fresh Sanctions on Russian Oil Industry
Treasury officials are in Europe this week discussing price caps that go into effect next monthhttps://t.co/xJkuXFguhH
— Euromaidan Press (@EuromaidanPress) January 12, 2023
You could close this page. Or you could join our community and help us produce more materials like this. We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!
EU to “impose tariffs” on Russian grain imports
The EU plans to levy tariffs on grain imports from Russia and Belarus to placate farmers and member states, FT reports citing its sources.
Polish president says NATO must urgently ramp up defense spending.
Polish President Andrzej Duda calls for NATO to urgently boost defense spending to 3% amid concerns of a potential Russian attack in the coming years, with Poland already spending 4% of its GDP on defense, surpassing the US.
The Atlantic: Ukrainian insider suggests Russia’s precision strikes rely on US satellite imagery.
A Ukrainian military source claims Russia's long-range missile strikes are guided using satellite imagery from US companies, with patterns of pre-strike and post-strike satellite tasking coinciding with actual attacks, suggesting a strategic use o...
Zelenskyy says Ukraine to boost defense production
President Zelenskyy announces plans to boost Ukraine's defense production and emphasizes the need for military support, including F-16 jets and Patriot missiles, amid a months-long delay in US aid stalled by Congressional Republicans.
50 Ukrainian pilots to train on F-16 jets in Romania.
Romanian President has approved the transit of equipment donated by Finland to Ukraine and the training of 50 Ukrainian pilots on F-16 jets at the Fetești military base, with training expected to end by the year's end.
WATCH LIVE: Iceland volcano erupts ‘without warning’ AGAIN as lava spews hundreds of feet into air.
DRAMATIC footage shows the moment huge fountains of lava spewed into the sky as yet another volcanic eruption shook Iceland. Residents were forced to evacuate as a state of emergency was declared on the Reykjanes peninsula, just south of Iceland's...
Volcano erupts in Iceland for 4th time since December.
A volcano on Iceland's southwestern coast erupted on Saturday for the fourth time since December, prompting an evacuation for the fishing town of Grindavik, officials say. ––– Subscribe to ABC News on YouTube: Watch 24/7 coverage of breaking news ...
Trump leads Biden in support among Hispanic voters, according to new poll.
VOZ News anchor and executive producer Karina Yapor joins 'Fox News @ Night' to discuss how Hispanic voters view the illegal immigration crisis facing America and increasing support for former President Trump. #foxnews #fox #foxnewsnight Subscribe...
What does German Chancellor Scholz hope to achieve in the Middle East? - DW News.
German chancellor Olaf Scholz is making a two-day trip to the Middle east, where he's due to hold talks with the leaders of Jordan and Israel. His trip comes as international efforts to get aid into Gaza are expanding. Germany has joined an emerge...
Will Rishi Sunak still be leader of the Conservative Party at the next general election?.
Transport Secretary Mark Harper MP says Rishi Sunak will remain the leader of the Conservative Party at the next general #election. Watch the full interview here on Sunday Morning with Trevor Phillips #RishiSunak #UK #Politics SUBSCRIBE to our You...
Iceland volcano erupts ‘without warning’ AGAIN as terrified tourists flee.
DRAMATIC footage shows the moment huge fountains of lava spewed into the sky as yet another volcanic eruption shook Iceland. Residents were forced to evacuate as a state of emergency was declared on the Reykjanes peninsula, just south of Iceland's...