Skip to content
Edit post

Bloomberg: Price of Russian oil falls below proposed EU cap.

by The Kyiv Independent news desk November 28, 2022 11:09 PM 1 min read
This audio is created with AI assistance

Russia’s Urals crude oil fell to $51.96 a barrel at the Baltic Sea port of Primorsk, Bloomberg reported, citing data provided by Argus Media Ltd., a publisher of commodity prices.

Earlier in November EU diplomats discussed a price cap on Russian oil in the range of $65-70 per barrel.

Bloomberg reported earlier that Russia had already lost most of its oil market in the European Union’s northern countries even before an EU embargo on Russian oil is set to take effect on Dec. 5.

Russian oil shipments to northern Europe have fallen below 100,000 barrels a day, compared to 1.2 million barrels a day sent to the region’s ports each day in early February, according to Bloomberg.

News Feed

12:43 PM

Ukraine receives $1.1 billion from IMF.

The funds come as already the sixth tranche disbursed to Ukraine under the IMF's Extended Fund Facility (EFF) program, raising the amount provided so far to $9.8 billion.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.