Malta has objected to the European Commission’s proposal to further lower the price cap on Russian oil exports, Politico reported, citing EU diplomatic sources. The issue reportedly came up during a meeting of the Committee of Permanent Representatives on Sunday, with Reuters noting that one member state had entered a “technical reservation.”
The measure which the Commission suggested is part of the bloc’s 18th sanctions package, which targets Moscow over its role in the Ukraine conflict. It includes a floating price cap on Russian crude oil set at 15% below the average global price over the previous three months.
It would replace the current…
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