BRUSSELS: European Union envoys are on the verge of agreeing an 18th package of sanctions against Russia for its full-scale invasion of Ukraine that would include a lower price cap on Russian oil, four EU sources said after a Sunday meeting.
The sources said all the elements of the package had been agreed, although one member state still has a technical reservation on the new cap.
The sources — speaking on condition of anonymity to discuss confidential talks — said they expect to reach a full agreement on Monday, ahead of a foreign ministers’ meeting in Brussels the following day that could formally approve the package.
The sources said they had also agreed to a dynamic price mechanism for the price cap. On Friday, the European Commission proposed a floating price cap on Russian oil of 15 percent below the average market price of crude in the previous three months.
One of the sources said the initial price would be around $47 a barrel based on the average price of Russian crude for the last 22 weeks minus 15 percent. Further, the price would be revised based on the average oil price every six months instead of the proposed three months.
Slovakia — which has held up the proposed package — is still seeking reassurances from the European Commission on its concerns about plans to phase out Russian gas supply but it has agreed to the new measures, the sources said.
Sanctions require unanimity among the EU’s member countries to be adopted.
The Group of Seven (G7) price cap, aimed at curbing Russia’s ability to finance the war in Ukraine, was originally agreed in December 2022. The European Union and Britain have been pushing the G7 to lower the cap for the last two months after a fall in oil futures made the current $60 a barrel level largely irrelevant.
The cap bans trade in Russian crude oil transported by tankers if the price paid was above $60 per barrel and prohibits shipping, insurance and re-insurance companies from handling cargoes of Russian crude around the globe, unless it is sold for less than the price cap.
The Commission proposed the package in early June, aimed at further cutting Moscow’s energy revenues, including a ban on transactions with Russia’s Nord Stream gas pipelines, and financial network that helps it circumvent sanctions.
Another one of the sources said the new package will list a Russian-owned refinery in India, two Chinese banks, and a flag registry. Russia has used flags of convenience for its shadow fleet of ships and oil tankers.
EU envoys near agreement on lower Russian oil price cap
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EU envoys near agreement on lower Russian oil price cap
US accuses South Africa of harassing US officials working with Afrikaners
WASHINGTON: Washington on Thursday accused South Africa of harassing US government employees working with Afrikaners, the white minority to whom President Donald Trump is granting refugee status, in the latest escalation of tensions.
The State Department said that passport information of US officials was leaked and warned in a statement that “failure by the South African government to hold those responsible accountable will result in severe consequences.”
South Africa replied that the allegation was unsubstantiated and rejected “any suggestion of state involvement in such actions.”
The accusations came after South Africa arrested and expelled Wednesday seven Kenyans brought in by the US government to assist in processing Afrikaners seeking to move to the United States.
President Donald Trump’s administration has claimed Afrikaners are victims of discrimination and even “genocide,” which the Pretoria government strongly denies.
South Africa said the Kenyans arrested at a processing center on Tuesday were on tourist visas that did not allow them to work — the type of violation seized on by Trump as he carries out mass deportations from the United States.
The State Department alleged that Americans had also been briefly held in the raid, which it said the United States “condemns in the strongest terms.”
It added that officials’ passport information had been made public.
So-called doxxing, or revealing personal information, “is an unacceptable form of harassment” and puts people in harm’s way, the State Department said.
It did not immediately provide further details on the purported incident.
‘Seeking clarity’
South Africa “noted an unsubstantiated allegation regarding the private information” and was seeking clarity from Washington, the foreign ministry in Pretoria said later.
“We categorically reject any suggestion of state involvement in such actions,” it said in a statement.
The government has already said no US officials were arrested in Tuesday’s raid, which was not carried out at a diplomatic site.
The seven Kenyan nationals who were expelled had violated South African law by working without the correct permits, the foreign ministry repeated.
“The government will not negotiate its sovereignty and the implementation of the rule of law,” it said.
Trump has repeatedly attacked South Africa’s post-apartheid government over what he calls persecution of the Afrikaners, an allegation that had gained ground online with the far-right.
He has been increasingly open on his desire to rid the United States of immigrants other than white Europeans and all but ended the once-generous US refugee resettlement program, which now only accepts Afrikaners among all the world’s people.
The State Department in a separate statement Thursday confirmed it did not invite South Africa to an initial meeting on planning next year’s Group of 20 summit, the first time a member of the bloc is being excluded.
