The measures come in response to Moscow’s recent escalation of the war, and a day after global oil producers decided to cut Russia’s crude supply, increasing its value on the world market.
Author: Matina Stevis-Gridneff
E.U. Negotiators Strike Deal on Russian Oil Price Cap
The cap, championed by the United States, would deprive the Kremlin of tens of billions of dollars annually. Experts warn that implementation will be difficult.
Top E.U. Official Becomes an Unexpected Wartime Leader
In her annual address, Ursula von der Leyen, president of the European Commission, pushed for the bloc to remain firm in the face of Russian aggression.
As Crises Mount, Europe Turns Once Again to Big Spending
The standoff with Russia over Ukraine and rising energy prices are rapidly overturning European economic orthodoxy, with barely a peep of dissent.
E.U. Weighs Russian Gas Price Cap Amid ‘Astronomic’ Energy Prices
The bloc is also considering mandatory cuts in electricity use and taxes on oil and gas companies.
Facing ‘Putin’s Energy Blackmail,’ Europe Agrees to Cut Russian Gas Use
Holding together despite some nations’ dependence on Russia, the European Union agreed to make voluntary savings mandatory if the Kremlin suddenly decides to turn off the taps over its invasion of Ukraine.
Russia Agrees to Let Ukraine Ship Grain, Easing World Food Shortage
Ukraine and Russia signed a deal to lift Russia’s blockade of Ukrainian ports, which has worsened a global food crisis — their most important agreement since the war began.
How the Grain Deal Between Ukraine and Russia Will Work
The process requires the collaboration of the two warring nation, along with Turkey and the United Nations.
With Russian Cutoff Feared, Europeans Are Told to Curb Natural Gas Use
The European Union’s executive branch says member countries must cut consumption by 15 percent between now and the springtime to stave off a major crisis as Russia weaponizes its exports.