On Friday, the European Union approved a price cap on Russian oil at $60/barrel, according to a EU official.
The plan will set a cap at $60/barrel for all EU countries, needing the agreement from all EU states.
The President of the European Commission, Mr. Leyen, that they will be pressing major halts to Russian oil imports starting on December 5th. According to Mr. Leyen, the plan will "Further diminish Russia's revenues".
Zelensky referred to the plan as "weak" in a statement.
(an ongoing report)