EU urges US to strictly enforce G7 price cap on Russian oil - Reuters

The European Union has urged the United States to strictly enforce the G7 price cap on Russian oil, according to Reuters. This call comes amid concerns that Russia is circumventing the cap by using a "shadow fleet" of tankers and inadequate insurance, undermining the sanctions' effectiveness. The EU emphasized the need for robust enforcement to limit Russia's oil revenues, which are critical for its ongoing military operations. Stricter adherence to the cap is seen as essential for maintaining pressure on Russia and supporting global energy market stability.