The European Union is considering setting this figure as a cap on the price of Russian oil

The European Union is considering the possibility of agreeing among its members to set a cap on the price of Russian oil.
The European Union States are shifting agreement to the Russian oil price cap of $60 per barrel to declare a final agreement with the Group of Seven.
Ukraine’s President, Flodymyr Zelensky, is demanding a price cap of $35 per barrel.