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Event Brief

EU proposes freezing Russian oil price cap

Ursula von der Leyen announced the EU’s proposal to freeze the Russian oil price cap in a new sanctions package.
WHO: Ursula von der Leyen
WHAT: Announced a proposal to freeze the Russian oil price cap as part of the EU’s 21st sanctions package on Moscow
WHEN: Jun 9, 2026 at 8:14 AM ET
WHERE: European Union
WHY: To prevent windfall gains for the Kremlin’s war chest

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