Published: February 6th, 2023,
Last updated: February 6th, 2023
After long negotiations and a short negotiation break last week, the EU ambassadors decided over the weekend on an expansion of the partial embargo on Russian oil. Another price cap has been put on all Russian oil products in addition to the price cap on crude oil agreed on in December. Eric Bonse explains why the agreement ended up more defensive than some member countries had called for.