You are using an older browser version. Please use a supported version for the best MSN experience.

Russian oil price cap and EU embargo come into effect

Starting this Monday, all Russian oil sold on international markets will be subject to a G7 and EU-imposed price cap. The measure is aimed at cutting into Moscow's financing for the war in Ukraine, while maintaining global supply. The bar has been set at $60 a barrel, which Ukraine's president has criticised as being too high. Russia has responded by saying it won't sell crude to customers abiding by the cap. Also in the show, we take a look at the EU's response to the US Inflation Reduction Act.

Latest

World

Featured Partners

image beaconimage beaconimage beacon