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Reuters: EU governments 'tentatively' agree on $60 a barrel price cap on Russian seaborne oil.

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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.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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The Kyiv Independent’s Martin Fornusek speaks with Phillips O'Brien, a U.S. historian and professor of strategic studies, about U.S. policy on Ukraine under President Donald Trump, the future of transatlantic relations, and the state of Russia’s war against Ukraine.

 (Updated:  )

The Verkhovna Rada failed to gather enough votes for some bills demanded by the EU and the IMF, and one bill necessary for European integration was passed but was lambasted by experts as "imitation" rather than genuine progress.

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