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G7 countries call price ceiling for diesel from Russia – Bloomberg

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The futures price for diesel fuel on Friday on the London Stock Exchange ICE was $125 per barrel.

The G7 countries would prefer to set a price ceiling for diesel fuel from Russia in the range of $100 to $110 per barrel. Bloomberg reported this on the eve, citing a source.

“The G7 made it clear that they would be happy if the EU (with the G7 – ed.) sets a maximum price for the export of Russian diesel fuel in the range of $100 to $110 per barrel while the US and its allies try to avoid serious market disruption,” said a G7 source.

At the same time, the EU itself advocates a slightly lower ceiling – $100 per barrel.

The interlocutor of the agency noted that the G7 countries “would prefer a higher price than what the EU wants, for fear that setting too low a level could lead to price increases or disruptions supply to Europe.” At the same time, according to him, the G7 “can endure the price of $100 per barrel,” if they cannot convince the European Union.

At the same time, the futures price for diesel fuel on Friday on the London Stock Exchange ICE was $125 per barrel.

It was previously reported that Washington and Brussels plan to reach an agreement on February 5 on the price ceiling for Russian oil products.

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Source: korrespondent

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