The European Union reaches an agreement to cap the price of Russian oil at $60 a barrel.
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The European Union and the Group of Seven tend to impose a price of 60 dollars per barrel of Russian oil
The European Union has reached an agreement on pricing Russian oil at $60 a barrel, after Poland withdrew its objections and called for a lower price.
The Financial Times reported that European Union countries agreed to set a $60 cap on global purchases of Russian oil after Poland withdrew its objections.
Reuters reported that the European Union could start written procedures for approving and announcing the deal on Sunday.
In turn, Poland’s ambassador to the European Union, Andrzej Sados, announced today on Friday that the bloc would join the G7 countries in terms of imposing a ceiling on Russian oil prices of $60 a barrel. .
He told reporters that “his country, which has been pushing for a lower price, has withdrawn its objection to the European proposal, and therefore the measure will be formally implemented at the end of this week”.
According to him, the deal also includes a price review mechanism that would keep the price cap 5% below market value.
The White House welcomed the news that the European Union has reached an agreement to cap the price of Russian oil at $60 a barrel.
It was the EU talks Failed Earlier in setting the ceiling for Russian oil prices.
Most EU countries supported the proposal to cap Russian oil prices at the level of $65-70 a barrel. Poland did not accept this offerAnd I considered that a “generous offer” and suggested that we set a price of $30 a barrel.
And the Executive Vice-President of the European Commission, Frans Timmermans, believes that next year will be more difficult for the European Union, if Russian gas is phased out, and that Imposing a price cap will not lead to lower prices For consumers.
And Russian Deputy Prime Minister Alexander Novak announced on Tuesday that Russia was taking a tough stance on capping the price of Russian oil, stressing that this Unacceptable Regardless of the level of this alleged ceiling.
Russian President Vladimir Putin reiterated his warnings about the serious repercussions of capping the price of Russian oil and said “these practices can lead to serious consequences for global markets”.
