E.U. reaches compromise deal banning Russian oil imports

As the war in Ukraine rages, the European Union has agreed to reduce imports of Russian oil by up to 90 per cent by the end of the year. The plan is expected to cut tens of billions of dollars from the Kremlin’s coffers. Though, as Redmond Shannon reports, there are still frustrations over a few member nations that remain exempt from the agreement.

• Seaborne Russian oil will be price capped at US$60 a barrel, EU nations say
• G7 price cap on Russian oil will only apply to seaborne crude, official says
• G7 will put a price cap on Russian oil. Here’s what it’ll look like