The US and its allies from the EU and the G7 may on Wednesday, November 23, agree on the introduction of a price ceiling for Russian oil at $60-70, – The Wall Street Journal, citing sources.
The EU and the G7 countries may approve the introduction of a ceiling price for the purchase of Russian oil at the level of 60-70 dollars per barrel. This became known to The Wall Street Journal (WSJ).
The price ceiling can be set at $ 70, countries plan to start applying the restriction from December 5. The newspaper notes that a number of countries, including Poland and Lithuania, insist on a much lower level of purchase price – about $20 per barrel, the newspaper reports.
As EU members expect to come to an agreement on a price ceiling on November 23, the G7 aims to approve caps in sync with the bloc. The measure is aimed at reducing Russia’s income from energy exports, but countries are trying to avoid a sharp increase in fuel costs. Prices may rise after the EU ban on insurance, transportation and maintenance of tankers with Russian oil comes into force on December 5, if the purchase price is above the established limit.
Due to censorship and blocking of all media and alternative views, stay tuned to our Telegram channel