Bond.az reports that the European Union is considering a temporary freeze on its price cap for Russian oil as the Middle East conflict enters its fourth month.
According to Bloomberg, the current cap is $44.10 per barrel and is scheduled for review this summer.
Options under discussion include freezing the cap, suspending automatic increases until year-end, or limiting any increase to $60 to align with the G7 level.
The measure could be part of the EU's 21st sanctions package, with a final decision expected in early June.
