Other EU
The Russian Oil Price Cap Explained
Sign up to Brilliant (the first 200 sign ups get 20% off an annual premium subscription): https://brilliant.org/tldreu/
In another attempt to limit the export revenue that funds Russia’s invasion, the West has imposed a price cap on Russian oil. So in this video, we discuss why sanctioning oil has proved difficult, what this cap is trying to do and whether it will succeed.
💬 Twitter: https://twitter.com/tldrnewseu
📸 Instagram: http://www.instagram.com/tldrnewseu
🎞 TikTok: https://www.tiktok.com/@tldrnews
🗣 Discord: https://tldrnews.co.uk/discord
💡 Got a Topic Suggestion? – https://forms.gle/mahEFmsW1yGTNEYXA
Support TLDR on Patreon: http://www.patreon.com/tldrnews
Donate by PayPal: https://tldrnews.co.uk/funding
TLDR Store: https://www.tldrnews.co.uk/store
TLDR TeeSpring Store: https://teespring.com/stores/tldr-spring
Learn About Our Funding: https://tldrnews.co.uk/funding
TLDR is all about getting you up to date with the news of today, without bias and without filter. We aim to give you the information you need, quickly and simply so that you can make your own decision.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by just a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, following, and backing us on Patreon. Thanks!
///////////////////////////
1 – https://oilprice.com/Latest-Energy-News/World-News/Russias-Oil-Revenues-Drop-To-The-Lowest-Level-This-Year.html
2 – https://www.bloomberg.com/news/articles/2022-04-01/putin-may-collect-321-billion-windfall-if-oil-gas-keep-flowing
3 – https://www.bruegel.org/publications/datasets/european-natural-gas-imports/
4 – https://www.theice.com/products/27996665/Dutch-TTF-Gas-Futures/data?marketId=5396828&span=3
5 – https://twitter.com/SStapczynski/status/1433322337055567877
6 – https://www.themoscowtimes.com/2019/11/12/russian-oil-production-most-expensive-world-saudi-aramco-ipo-a68132
7 – https://tradingeconomics.com/commodity/urals-oil
8 – https://www.economist.com/leaders/2022/11/30/the-wests-proposed-price-cap-on-russian-oil-is-no-magic-weapon
9 – https://www.economist.com/finance-and-economics/2022/11/30/how-the-wests-price-cap-on-russian-oil-could-roil-energy-markets?itm_source=parsely-api
10 – https://twitter.com/laurnorman/status/1598718934957572096
11 – https://twitter.com/laurimyllyvirta/status/1598210766427262978
source
Go to https://hensonshaving.com/TLDR and enter “TLDR” at checkout to get 100 free blades with your purchase.
In this video, we’ll discuss the EU’s new plan to quietly tax US Big Tech – and whether it could work.
📰 Too Long: https://toolong.news/
🎉 TLDR Party: https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
Sources:
The EU’s plan to capture US Big Tech revenue
https://www.ft.com/content/ad06ed89-f600-4694-8c95-7d53b6d3315b?syn-25a6b1a6=1
https://www.reuters.com/business/retail-consumer/brussels-looks-capture-big-tech-through-tax-large-corporations-ft-reports-2026-10-07/
EU rejects France’s calls for an EU-wide digital services tax
https://www.ft.com/content/e5a76494-71df-4ee0-a85f-b28f2c94ded6?syn-25a6b1a6=1
https://www.vatcalc.com/global/eu-holds-back-on-digital-services-tax-as-us-raises-retaliation-threat/
EU’s proposed CORE mechanism
https://blogs.lse.ac.uk/europpblog/2025/08/28/the-commissions-foray-into-corporate-taxation-a-core-problem-for-the-eu-budget/
https://commission.europa.eu/strategy-and-policy/eu-budget/long-term-eu-budget/eu-budget-2028-2034_en#driving-prosperity-via-competitiveness-research-and-innovation
US exempted from Pillar 2 of OECD’s global minimum corporate tax agreement
https://youtu.be/85voZ2FJhZk?si=6jVOHTB5CBTKvigd
https://www.theguardian.com/business/2026/jan/06/us-exemption-oecd-global-tax-deal-multinational-companies
https://www.theguardian.com/business/2021/oct/08/oecd-deal-imposes-global-minimum-corporate-tax-of-15
G7 statement on global minimum tax
https://www.canada.ca/en/department-finance/news/2025/06/g7-statement-on-global-minimum-taxes.html
https://www.ey.com/en_gl/technical/tax-alerts/canada-g7-releases-statement-on-global-minimum-tax-pillar-two-and-canada-rescinds-digital-services-tax
European Digital Services Taxes (DSTs)
https://taxfoundation.org/data/all/eu/digital-services-taxes-europe/
https://taxfoundation.org/testimony/pillar-one-digital-services-taxes/
https://www.reuters.com/en/germany-seeks-levy-10-tax-online-platforms-like-google-2025-05-29/
Accusations of tax avoidance by Silicon Valley tech companies
https://www.theguardian.com/us-news/2025/apr/15/silicon-six-accused-of-avoiding-almost-278bn-in-us-corporation-taxes-over-10-years
https://itep.org/trump-meta-tesla-alphabet-amazon-obbba-taxes/
https://itep.org/amazon-alphabet-meta-tesla-pro-trump-tech-companies-avoided-taxes/
0:00 The EU’s Sneaky Plan to Tax US Big Tech Explained
7:36 Sponsor
source
Go to https://hensonshaving.com/TLDR and enter “TLDR” at checkout to get 100 free blades with your purchase.
In this video, we will investigate how Russia uses bots for its influence campaigns, how the recent strikes may have affected Russian bots and what this could mean for Russia.
📰 Too Long: https://toolong.news/
🎉 TLDR Party: https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
0:00 Has Ukraine De-Russified the Internet?
7:41 Sponsor
source
Go to https://hensonshaving.com/TLDR and enter “TLDR” at checkout to get 100 free blades with your purchase.
In this video, we’re going to explain why the Trump-Putin diesel deal is probably illegal; whether it’ll get struck down; and why – either way – it’s a pretty rubbish deal anyway, even from Trump’s perspective.
📰 Too Long: https://toolong.news/
🎉 TLDR Party: https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
Sources
Diesel prices/components
https://tradingeconomics.com/united-states/us-diesel-sales-price-$-per-gallon-w-na-fed-data.html
https://tradingeconomics.com/commodity/brent-crude-oil
https://www.ft.com/content/f117f347-e1e0-457c-83fc-ba4745581bb2?syn-25a6b1a6=1
Fuel vs Dem congressional ballot
https://www.economist.com/graphic-detail/2026/09/17/high-petrol-prices-could-hand-democrats-a-mighty-midterm-victory
Trump Truth Social posts
https://truthsocial.com/@realDonaldTrump/posts/117412435306815143
https://truthsocial.com/@realDonaldTrump/posts/117422699218841250
Zelenskyy comments
https://www.axios.com/2026/10/09/exclusive-zelensky-putin-trump-diesel-deal
https://thehill.com/policy/international/6141601-russia-strikes-ukraine-power-plant/
Laws
https://thehill.com/homenews/house/6140830-fitzpatrick-bill-block-russian-oil/
https://www.congress.gov/bill/117th-congress/house-bill/6968
https://ofac.treasury.gov/sanctions-programs-and-country-information/countering-americas-adversaries-through-sanctions-act-related-sanctions
https://www.congress.gov/bill/119th-congress/senate-bill/5025
Reports that Russia lacks refining capacity
https://www.aljazeera.com/news/2026/10/10/why-is-us-turning-to-russia-for-diesel-despite-sanctions
0:00 Why the Trump-Putin Diesel Deal is Already Falling Apart
7:11 Sponsor
source
Want to restore the planet’s ecosystems and see your impact in monthly videos? The first 100 people to join Planet Wild with my code NEWSEU10 will get the first month free on me: https://planetwild.com/r/tldrnewseu/join/10
If you want to get to know them better first, check out their mission bringing wildlife back to Bristol: https://planetwild.com/r/tldrnewseu/m43/10
Last month, Ursula von der Leyen announced the formation of a European Security Council that would help to coordinate a response and strategy against hybrid attacks. In this video, we’re taking a look at how this could look like and the hurdles standing in the way.
Von der Leyen’s New Plan for European Independence Explained: https://www.youtube.com/watch?v=ec_4Un6JrAY
📰 Too Long: https://toolong.news/
🎉 TLDR Party: https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
Sources:
https://ec.europa.eu/commission/presscorner/detail/ov/SPEECH_26_1868
https://sieps.se/en/publications/2026/forging-european-strategic-unity-the-case-for-a-european-security-council/
https://www.martenscentre.eu/wp-content/uploads/2020/06/european-security-council-blueprint.pdf
https://www.politico.eu/article/donald-trump-greenland-crisis-revives-calls-for-european-security-council/
https://www.chathamhouse.org/2020/07/future-e3/origins-and-development-e3
https://www.nato.int/en/what-we-do/introduction-to-nato/the-consultation-process-and-article-4
https://www.iss.europa.eu/publications/commentary/european-security-council-between-strategic-need-and-institutional
https://www.europarl.europa.eu/RegData/etudes/BRIE/2024/757822/EPRS_BRI(2024)757822_EN.pdf
00:00 – Introduction
01:52 – Historic Attempts
03:49 – The Alternatives
08:01 – Planet Wild
source
Want to restore the planet’s ecosystems and see your impact in monthly videos? The first 100 people to join Planet Wild with my code NEWSEU10 will get the first month free on me: https://planetwild.com/r/tldrnewseu/join/10
If you want to get to know them better first, check out their mission bringing wildlife back to Bristol: https://planetwild.com/r/tldrnewseu/m43/10
As protests take over the streets of dozens of Spanish cities, we explain what caused the country’s housing crisis, how it eventually toppled Sánchez’s government, and what might happen in November.
📰 Too Long: https://toolong.news/
🎉 TLDR Party: https://toolong.news/pages/tldr-party
📖 Read our Manifesto: https://tldrnews.co.uk/manifesto
Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
source
Their centre-half said it was a rubbish penalty in slightly different terms
Opening of first road bridge with Russia a sign of tighter ties, North Korea says
THOM BROWNE: Fantastical Metamorphosis in Enchanted Garden for S/S 27 | New York Fashion Week
Recent EU-China talks were a ‘good starting point’, MEP Lange says
Their centre-half said it was a rubbish penalty in slightly different terms
Romance with mermaids by Liliana Montoya | FashionTV | FTV
Rodri controlled everything
EU ministers plan hybrid threat response amid warnings of Russian sabotage
Everybody is happy for Doku
Witness a moment of life with Isshogai Daimyo | FashionTV | FTV
Europe Today #169, in just 60 seconds
“I’ve not changed much!” 😁 | Jamie Vardy on why Burnley, current fitness & more!
Coronavirus live blog: As it happened on April 7-8
Their centre-half said it was a rubbish penalty in slightly different terms
Their centre-half said it was a rubbish penalty in slightly different terms
euronews U talk – Education: Balancing costs and benefits of the Bologna process
Video: Vigilantes chase, whip women in ‘anti-prostitution’ raid on Peru night club
Battery power: the hunt for stable renewable energy storage
G7 summit looks to bolster recovery – economy
Hamas elects Yahya Sinwar as Gaza leader
🏴 EFL CHAMPIONSHIP STADIUMS 2025/26
Go Behind The Scenes with Vanessa Hessler for Clips Fall/Winter 2012-13 Campaign Shoot | FashionTV
INVINCIBLE. 🏆 | The best of Granit Xhaka for Bayer Leverkusen in 2023/24 🔥
Miedema strikes to get Arsenal back on track ⚡ | Arsenal 1-0 Everton | WSL highlights
“There’s got to be a clear-out” 😤 | What’s next for Rangers after Celtic defeat?
Carlsberg CEO
Student trip to Mallorca fuels Spanish COVID-19 outbreak
Why Sweden’s Krona is Outperforming the Euro
Electric anti-rape underwear developed to protect women in India
Victoria’s Secret Fashion Show 2013-2014 ft Taylor Swift & Adriana Lima| FashionTV
-
Tech EU News3 years agoeuronews U talk – Education: Balancing costs and benefits of the Bologna process
-
Another Europe News2 years agoVideo: Vigilantes chase, whip women in ‘anti-prostitution’ raid on Peru night club
-
Tech EU News3 years agoBattery power: the hunt for stable renewable energy storage
-
Another Europe News3 years agoG7 summit looks to bolster recovery – economy
-
Tech EU News3 years agoHamas elects Yahya Sinwar as Gaza leader
-
Sports EU1 year ago
🏴 EFL CHAMPIONSHIP STADIUMS 2025/26
-
Fashion3 years agoGo Behind The Scenes with Vanessa Hessler for Clips Fall/Winter 2012-13 Campaign Shoot | FashionTV
-
Sports EU2 years ago
INVINCIBLE. 🏆 | The best of Granit Xhaka for Bayer Leverkusen in 2023/24 🔥
-
Sports EU2 years ago
Miedema strikes to get Arsenal back on track ⚡ | Arsenal 1-0 Everton | WSL highlights
-
Sports EU2 years ago“There’s got to be a clear-out” 😤 | What’s next for Rangers after Celtic defeat?
@crushx69
February 18, 2024 at 4:46 pm
Really they worked it out, Russia sells it oil at the cap the western country’s agreed on, then charges a higher delivery fee for there oil, they won’t run out of money but a bet America runs out of money first.
@xaviergonzales6880
February 18, 2024 at 4:46 pm
Remember Russia isn’t stupid lots of nation will buy oil from Russia
@Sky1
February 18, 2024 at 4:46 pm
Price caps is a socialist thing, they implement it when their house of cards start to fall.
@Sky1
February 18, 2024 at 4:46 pm
Please tell JB that we have put a cap on his Taxes
@onequestion2059
February 18, 2024 at 4:46 pm
The positive side is that Europe will adopt Green Hydrogen ten years sooner because expensive Russian oil pays for invasion of Ukraine, destabilizes Europe, and destroys the environment..
@GelatoA
February 18, 2024 at 4:46 pm
lol and we’re still buying it. Why not just let it go?
@narasimhanimmagadda4503
February 18, 2024 at 4:46 pm
So Eu wants to buy at 60 from Russia and buy the same at 78 from usa and opec .. G7 thinks Russia is small kid ..
@oleper8571
February 18, 2024 at 4:46 pm
5:17 i would look at other country prices for barrel before saying russia has "high" price per barrel
@joeycmore
February 18, 2024 at 4:46 pm
Let's not leave out the great equalizer of time. Sanctions take time to work. Does Ukraine have enough time, that is the question. And it's possible for Putin to win a pyrrhic victory that sees him occupy much of Ukraine but his country collapse eventually.
@waynesilva9157
February 18, 2024 at 4:46 pm
The Russians are swimming in money.
@philsophkenny
February 18, 2024 at 4:46 pm
🤔
@michelbisson6645
February 18, 2024 at 4:46 pm
Russia money is backed by gold and natural ressources? What about usa$
@dandanfree2925
February 18, 2024 at 4:46 pm
Putin has done a tremendous job in pillaging the russian coffers x 2 decades including the pillage of the cash marked x the Army modernisation in 2002.He knows he has a circus of an army but he had the presumption that you can win wars with fire power only.After all he knows too well from 8 years in Chechnya and another 8 years in Georgia that his soldiers are useless when it comes to warfare and the mercenaries can do nothing too but there will be not mothers complaining x them.The run out of cash is the destiny of the 144 milions bleached minds russian citizens that having lived 2 decades under a criminal government now they must eat propaganda x supper.
Even the nuclear arsenal can not save the misery the citizens are going to face x decades.THEY ARE PAYING THE WAR BILL LONG BEFORE THE WAR ENDS.
Even Putin disappearing tomorrow the sinking damage is done.
In 2019 russia economy was 1% of world GDP ( as Indonesia ) now is 0,5…..a superpower with super problems affecting his sleeping citizens living in the 1945 cronic "security " narrative.
@shinramx
February 18, 2024 at 4:46 pm
History Repeated Again, EU acts like V.O.C dictate prices to get lowest price to their benefit
My stuff is my price to decide ..
@mickrobinson8150
February 18, 2024 at 4:46 pm
No
@tomchernota8051
February 18, 2024 at 4:46 pm
Marked it down after 2secons..
Why would u feel need to show your face?!
@denisrehan7544
February 18, 2024 at 4:46 pm
Western media is this bad
@Abd45678
February 18, 2024 at 4:46 pm
bacon bacon
@zidanhussain8092
February 18, 2024 at 4:46 pm
Straight up lucid explanation. But can India use it as an advantage to buy more barrels at a cheaper rate? Is there a supply limit?
@RandomGuy9
February 18, 2024 at 4:46 pm
60$ is still double as much as India pays.
@-finalboss
February 18, 2024 at 4:46 pm
Great video! but I'm a bit confused, are you talking about Europe, where UK and also all other non EU countries belong to, or just the EU?
Because when you say Europe the EU flag pops up?
Keep up the good work!
@ClarkGable1
February 18, 2024 at 4:46 pm
Europe will run out of gas 😂
@ClarkGable1
February 18, 2024 at 4:46 pm
Europe will run out of gas 😂
@anshulsingh8326
February 18, 2024 at 4:46 pm
Comedian president ruining his own country 😂
@nostro1940
February 18, 2024 at 4:46 pm
2:30
Excuse me? You stop buying oil from Russia so the supply drops? Retardinomics?
@Nirvanaext
February 18, 2024 at 4:46 pm
be more realistic man, you are trying to ban the russia oil and gas and forcing other country to follow your idea, but in fact its you who suffer since the supply and demand is not balanced. EU is lucky to have the backup of US for oil if you stop the Russian oil, other country such as India and China doesnt have the privileged on that. If India and China stop importing from Russia, they will cripple their economy. oh I remember, EU dont care about other country in Asia and Africa continent. what a joke. Also your news are so unbalanced, and doesnt add other point of view.
@TZI_Melbourne
February 18, 2024 at 4:46 pm
There's something about this guys intonation that drives me nuts but also can't stop watching at the same time.. may be he uses up and down thing too often..
@Oliveir51
February 18, 2024 at 4:46 pm
Europe and US will run out much before
@himanshugurjar9002
February 18, 2024 at 4:46 pm
Its gonna backfire big time.
Unless u provide alternative oil everyone gonna buy russian oil.
@Cleopatv
February 18, 2024 at 4:46 pm
As long Putin sit in power he wont stop he send every last ruble into the war
@TatsuyaLS
February 18, 2024 at 4:46 pm
India hit by massive this shipping insurance you saying~ and India are US Allies~ Dare US hit it's own allies~
But you must forgot Russia is on Eurasia Continent. If shipping doesn't works~ Land line would help, include pipe line for Russia – China~
@farrasmit5486
February 18, 2024 at 4:46 pm
Russia has to keep its oil flowing, no matter the price it's sold for. If the wells are shut down, they will freeze and lock production in place. It'll cost billions of dollars and take years of workovers to get production numbers back to par.
@jaycabi19
February 18, 2024 at 4:46 pm
Price cap will be in favor of USA then europe and the world will suffer another very wise move to kill each country
@SimbaM2kufu
February 18, 2024 at 4:46 pm
China has a bigger income than all EU combined, and Russia has a bigger income than most EU countries, I'm sure they can insure the oil; in fact, they have already started insuring their own tankers, to simplify the response, th3 cap won't work.
@rakesharamaiah2737
February 18, 2024 at 4:46 pm
Lift the sanctions from Venezuela, then oil prices will reduce,
But it definitely hit USA because if less than 40$ USA can't produce oil, because it's production cost is very high, Russia might loose some amount but compare to USA is very less
@rakesharamaiah2737
February 18, 2024 at 4:46 pm
Russia played very big game here,
Russia supply oil through Kazakhstan,
Now oil tanker it's not going even Europe,
Because Russia is selling more than price cap to Europe,
Europe don't have chance,
For Asian countries it's already giving discount, so price cap only effect to Europe not Asian countries,
Once again Europe and USA plans are backfired ,
Very interesting oil game, it's like playing chess,
Every Europe move , Russia is giving counter and also hitting very hard
@rooibos3857
February 18, 2024 at 4:46 pm
This channel is all about wishful thinking if not delusional completely.
@darkmater4tm
February 18, 2024 at 4:46 pm
As much as I believe Putin is a villain, the price cap seems just absurd. More absurd than an embargo. An embargo at least makes it clear that you don't want anything to do with Russia and anyone who supports them. Now they are ok, as long as you're trading with them at a discount.
@dragonite1718
February 18, 2024 at 4:46 pm
Okay well if we can't cut oil stuff …well let's all invest in renewables and supply Ukraine with long range missiles to attach Russian oil infrastructure
@joeybacus6734
February 18, 2024 at 4:46 pm
Nope easiest way is to move to a wartime economy and seize all oil and gas related companies. All checks and balance of all those private companies will be counterchecked by EU and profits will be seized by issue of 100% tax to all profits
@paulvazzo3723
February 18, 2024 at 4:46 pm
who knows and who cares , putin has ruined russia and gave them a worse than the nazis
@ashokindian36
February 18, 2024 at 4:46 pm
You are thinking from 3 Rd months like red ox balls and thinking it will fall 🤣