After lengthy negotiations and several unsuccessful attempts, the ambassadors of the Member States to the European Union (Coreper) have finally reached an agreement on capping the price of Russian oil exported by sea at $60 per barrel, the Czech Presidency of the EU Council said on Friday 2 December.
According to our information, the agreement also includes an adjustment mechanism to revise the level of the cap every two months, ensuring that any readjustment leaves it at least 5% below...