Loading market data...
Business

EU Freezes Russian Oil Price at $44.10 Per Barrel for 12 Months

By GFdaily Newsroom
EURussian oilprice freezeoil price capEuropean Union
July 23, 2026 1 min read
EU Freezes Russian Oil Price at $44.10 Per Barrel for 12 Months

The European Union has frozen the price of Russian oil at $44.10 per barrel for a period of 12 months.

Price cap details

The price freeze applies to Russian oil exports. The level of $44.10 per barrel is set for one year.

Related Articles

Oil Prices Jump as Strait of Hormuz Peace Talks CollapseOil Prices Jump as Strait of Hormuz Peace Talks CollapseBusinessless than a minute agoBlackstone Posts $2.4B Q2 Profit, $68.3B Inflows as Digital Infrastructure Push GrowsBlackstone Posts $2.4B Q2 Profit, $68.3B Inflows as Digital Infrastructure Push GrowsBusinessless than a minute agoECB Holds Rates Steady After 2026 Hike, Lagarde Stresses Data DependencyECB Holds Rates Steady After 2026 Hike, Lagarde Stresses Data DependencyBusiness7 minutes agoTesla Posts Record $28.24B Revenue but Misses Earnings, Free Cash Flow Turns NegativeTesla Posts Record $28.24B Revenue but Misses Earnings, Free Cash Flow Turns NegativeBusiness18 minutes ago