Without stronger enforcement, including naval oversight and EU unity, sanctions risk being symbolic rather than impactful.

Oil prices rose by less than 1% after the European Union agreed to lower the price cap on Russian crude oil, Bloomberg ...

The EU has approved a new sanctions package targeting Russia and Belarus, overcoming a two-month-long impasse caused by a ...

The European Commission proposed on Friday a floating price cap on Russian oil of 15% below the average market price of crude ...

The G7 price cap is entering into effect on December 5 for crude oil and on February 5, pending the finalization of the price caps "based on a range of technical inputs". By Irina Slav for ...

Besides the oil cap’s price, the other big wild card is Russia’s response to it. Russian officials have said they will not sell oil to countries that are part of the price cap coalition, ...

The latest idea, advanced at the G-7 summit this week, is an oil price cap. This will work as well as most price-control gambits, which is to say it probably won’t.