© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
CHINA PRESS

Yuan Under Short-term Depreciation Pressure-Yicai

CNH

CNY Fixing - Still Slightly Firmer

US EURODLR OPTIONS

EDZ2 96.25 Calls Lifted

BOJ

Fixed Rate Operation Offer

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

Russian Oil Price Cap 'Very Complicated': German Officials

OIL
Political RiskCommoditiesPolitical Risk BulletEnergy BulletsBullet

EU officials are skeptical of the US effort to set a price cap on Russian oil with its implications of potentially easing an EU insurance ban on Russian crude and product shipments.

  • The EU took weeks to agree the initial ban which it was unable to get over the line at the severity it wanted due to Hungary’s unwillingness to agree concessions.
  • The EU are understood to be open to the US price cap on Russian oil touted by Janet Yellen this week, but only if it does not require the framework of the initial EU oil ban against Russia to be adjusted.
  • Germany have said this week that implementing a price mechanism on Russian oil would be a ‘very complicated issue.’
122 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

EU officials are skeptical of the US effort to set a price cap on Russian oil with its implications of potentially easing an EU insurance ban on Russian crude and product shipments.

  • The EU took weeks to agree the initial ban which it was unable to get over the line at the severity it wanted due to Hungary’s unwillingness to agree concessions.
  • The EU are understood to be open to the US price cap on Russian oil touted by Janet Yellen this week, but only if it does not require the framework of the initial EU oil ban against Russia to be adjusted.
  • Germany have said this week that implementing a price mechanism on Russian oil would be a ‘very complicated issue.’