The European Union will offer G7 countries to reduce the maximum Russian oil price as part of the 18th package of penalties.
The European Union will offer G7 financial ministers to reduce the current maximum level for Russian oil. This was reported by the Reuters on Monday, May 19.
It has been noted that the European Commissioner for Economics Valdis Dombrovskis answered “yes” to the media’s question about whether he would offer to reduce Russian oil limit. The answer sounded at the edges of the G7’s financial ministers meeting in Canada.
“This is what we drew attention to the commission in the context of the 18th package of penalties. I look forward to some interest from other G7 partners in this regard and some discussion,” Valdis Dombrovskis said.
He did not call a certain degree that the European Union wanted to reduce the upper border of oil prices from the Russian Federation.
“But EU officials, informing the discussion, said the EU will offer 50 dollars per barrel,” the agency said.
Remember that in December 2022, more than 30 countries in the world established a ceiling of oil prices from Russia of $ 60 per barrel. The restriction provides that companies of countries that will agree with sanctions will not be provided with brokerage, insurance and other Russian oil transportation services in third countries, unless this oil is sold at a price of less than $ 60 per barrel. Also, an embargo began to operate on oil supplies from Russia to Europe.
Price ceiling reduced Kremlin oil revenues by 14% – Analysts
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Source: korrespondent
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