The decision envisages an adjustment mechanism to keep the cap at 5% below the market price, according to diplomats and a document seen by Reuters.
To be implemented, the agreement needs to get the final approval of all EU governments.
The operation targeted ships that, according to the source, could have transported nearly $70 million worth of oil and helped Moscow bypass international sanctions.
Ukraine's military reportedly struck one of southern Russia's largest oil refineries overnight on Nov. 29, Russian Telegram media channels reported.
Ukraine's Air Force said Russia launched 596 Shahed-type attack and decoy drones and 36 missiles of various types overnight.
"I'm going to the front and am prepared for any reprisals... I am an honest and decent person," Former Presidential Office head Andriy Yermak said.
A Russian military victory in Ukraine would cost Europe twice as much as a Ukrainian victory, according to a new study by Corisk and the Norwegian Institute of International Affairs published on Nov. 25.
Orban reiterated his readiness to hold the peace talks on Ukraine in Hungary, even as plans for a summit in Budapest between Putin and Trump have been scrapped.
Vasyl Verameichyk, a Belarusian soldier who previously served as a volunteer fighter for Ukraine, was sentenced to 13 years in prison in Belarus, independent outlet Belsat reported on Nov. 28.
Andriy Yermak, head of the President's Office, submitted his resignation following searches by the National Anti-Corruption Bureau (NABU) at his premises earlier on Nov. 28, President Volodymyr Zelensky announced.
As Russia bombards Ukraine with Shahed drones almost every night, the 12th Army Aviation Brigade takes to the skies in decades-old helicopters to intercept them. The Kyiv Independent’s Kollen Post joined the pilots to understand how they fly, maneuver, and shoot down drones in darkness — and what keeps them going.
As law enforcement raids the house of President Volodymyr Zelensky’s closest aide, European officials are voicing support for Ukraine's anti-corruption agencies — with one even expressing relief that a figure seen a toxic among some in Europe is being investigated.
In a letter, sent on Nov. 27 and seen by the Kyiv Independent, Belgian Prime Minister Bart de Wever labelled the EU's "reparations loan" scheme as "fundamentally wrong," and argued that moving forward on the initiative could complicate an eventual peace deal.
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