**EU Countries Want to Lower Russian Oil Price Cap**
Six European countries, including Sweden, Denmark, and Finland, have asked the European Commission to lower the $60 per barrel price cap on Russian oil. They want this change to make it harder for Russia to fund its war in Ukraine.
The current rules say that Western companies can sell and transport Russian oil only if it’s sold below the $60 price cap. The six countries think a lower cap would hurt Russia more, without causing too many problems for the global oil market.
Russia is already struggling with sanctions and Ukrainian drone attacks. Its refineries have been forced to sell oil at a discount and operate in difficult conditions. This has made it hard for Russia’s energy sector to make money.
The call to lower the price cap shows that European countries are trying to put more pressure on Russia while supporting Ukraine’s defense against Russian aggression.
**Other News**
* Russian President Vladimir Putin will sign a strategic partnership agreement with Iran’s president next week.
* Russia has designated an independent media outlet as a “terrorist organization“.
* Ukrainian forces have captured several villages in Donetsk and Kharkiv Oblasts.
* A North Korean fighter was killed by a Ukrainian mopping-up group after trying to set a trap and then detonating a grenade.
* Three tankers carrying Russian oil are floating off China’s coast after being hit with US sanctions.
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