The Latest Breaking News from European Union

Ukraine war: West’s Russian oil cap ‘weak,’ Zelensky says

The measure is aimed to reduce Russia’s income from selling oil

The Independent UK · Dec 3, 2022

Russia rejects $60 oil price cap, warns of response

Ukraine’s Western allies approve oil price cap to starve Russia of revenues as Kyiv pushes for a lower cap of $30.

Al Jazeera · Dec 3, 2022

Swati Dhingra of the Bank of England: ‘Are we going to end up deepening the recession?’

In her first interview since joining the monetary policy committee, Britain’s newest interest-rate setter warns inflation is not the biggest threat to the economy – because ‘the slowdown is here’

The Guardian - UK · Dec 3, 2022

EU Agrees to Cap Russian Oil at $60 per Barrel

European countries agreed to cap Russian oil price at $60 per barrel to further weaken Moscow's ability to finance its war in Ukraine.

Asharq Al-Awsat · Dec 3, 2022

G7 and allies approve Russian oil price cap to ‘slow war machine’

The £48 per barrel price cap will come into effect in early December, but Ukraine says it’s not low enough

The Independent UK · Dec 3, 2022

G7 Coalition Agrees $60 Per Barrel Price Cap for Russian Oil

The Group of Seven (G7) nations and Australia on Friday said they had agreed a $60 per barrel price cap on Russian seaborne crude oil after European Union members overcame resistance from Poland and hammered out a political agreement earlier in the day. The EU agreed the price after holdout…

Asharq Al-Awsat · Dec 3, 2022

Russia-Ukraine war live: Kyiv says ‘sick’ packages sent to its embassies following letter bomb in Madrid – as it happened

Ukraine’s foreign minister says 17 diplomatic missions have now received suspicious packages

The Guardian - AU · Dec 3, 2022

Chalmers hopeful of Russian oil cap impact

The G7 and Australia have agreed to a $US60 a barrel cap on Russian oil, following the European Union's decision on the same move.

AAP · Dec 3, 2022

The Weekly Wrap for Saturday, 3 December 2022

What a spectacular finish to the Group Stage of the World Cup. It's a wonderful game. We'll give the FIFA-bashing a rest for the week; they seem to be doing a good enough job of it themselves at the moment.

inkl Originals · Dec 3, 2022

China's Xi told EU less lethal Omicron opens way for fewer COVID restrictions

Chinese President Xi Jinping blamed mass protests in Chinese cities on youth frustrated by years of the COVID-19 pandemic, but said the now dominant Omicron variant of the virus paved the way for fewer restrictions, European Union officials said.

Reuters · Dec 2, 2022