EU Fails to Agree on New Russia Sanctions, Oil Price Cap Freeze
The EU failed to adopt its 21st Russia sanctions package July 13 over Greek LNG objections and Austrian protection of Raiffeisen Bank, leaving the $44.10/bbl oil price cap set to lapse July 15 with no replacement (250 individual designations did pass). Not pre-scored as lapsed: Russia sanctions held at -8 pending the outcome.