Bloomberg: EU considers banning insurance and shipments of Russian oil and lowering price cap Citing Bloomberg, the bulletin said the EU is preparing tougher measures on Russian oil that could bar European firms from insuring and transporting shipments and will lower the existing price cap to about $44.10 per barrel, with a full ban under consideration in the 20th sanctions package.

The EU is gearing up for a major crackdown on Russian oil, potentially banning insurance and shipments while slashing the price cap to $44.10 per barrel!

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