European countries including Canada and Britain have expressed support for lowering the price cap on Russian oil, aiming to maintain pressure on Russia's energy revenues. However, the United States remains opposed to reducing the price ceiling, dampening hopes for a unified agreement at the upcoming G7 summit in Canada. Amid ongoing geopolitical tensions and Middle East instability, the European Commission has postponed efforts to lower the price cap and is instead preparing to propose a floating price cap mechanism for Russian crude oil as part of its 18th sanctions package. This floating cap would adjust in line with global oil price fluctuations to sustain economic pressure on Russia. Meanwhile, Russia's liquefied natural gas (LNG) exports declined by 22% year-on-year in the first half of 2025 following EU sanctions introduced in December 2024. Turkey has increased its imports of Russian high-caloric coal to 88% of its supply in 2025, driven by low prices and reduced hydroelectric power generation due to heat. European policymakers are also focusing on energy diversification plans, with member states expected to present strategies to reduce dependency on Russian gas if the European Commission's roadmap, introduced in mid-June, is adopted. Experts note that Russia's strategy has involved exporting discounted gas to build long-term consumer ties, while concerns remain about the environmental impact of alternative gas sources such as those from the United States.