The Nordic and Baltic states have urged the European Commission to tighten the price cap on Russian oil, emphasizing the need for continuous sanctions to undermine Russia's war efforts in Ukraine. They argue that targeting oil export revenues is crucial, as it is Russia's main income source. The letter, addressed to key EU officials, highlights the inadequacy of the current price cap and the circumvention tactics employed by Russia's 'shadow fleet'. The six countries advocate for stronger measures, including expanding sanctions on the shadow fleet, while acknowledging that any changes to the cap require G7 consensus. Teljes cikk (Euronews.com)