Trump’s current position does not include the possibility of a joint G7 solution on this issue. However, hope for change is still left. In addition, the EU and the UK can make such a decision on their own.
The United States has refused to maintain a proposal to reduce the maximum price for Russian oil to a large seven summit. On Saturday, June 14, the Bloomberg reported with reference to its own resources.
It is noted that the final decision depends on President Donald Trump, and, according to the resources that have spoken in terms of anonymous, the hope for the changes has not finally disappeared. To date, however, the US position remains unchanged – this is what they have recorded at a meeting of financial ministers of G7 countries at the beginning of this year.
The European Union and Great Britain have sought a reduction in the maximum price from the current $ 60 to $ 45 per barrel to increase pressure on Russian oil revenues is the main source of war funding against Ukraine. The reduction in the price ceiling is also included in the EU’s 18 -18 -Packet penalties.
Oil prices, which within a few hours remained under the installed G7 ceiling, when it grew after the Israeli strike in Iran. The West Texas Intermediate Stamp jumped over 7%, reaching nearly $ 73 per barrel -this is the strongest sunny increase since March 2022.
At the same time, the publication source records that the European Union and Great Britain may consider the reduction of the price ceiling without US participation. Most Russian oil supply is carried out in the area of water near Europe, so such a step can give a certain effect. However, Bloomberg emphasizes that the joint agreement of all G7 countries will be more effective, as it relies on the mechanisms of American control and coercion.
As you know, the G7 Summit will be held on June 15-17 in Canada.
Remember that President Vladimir Zelensky confirmed that he received an invitation to the G7 Summit and intended to participate in it.
Earlier, the countries of Great Seven published a joint statement in which they supported Ukraine, condemned the Russian Federation against Ukraine and emphasized that Russia would not accept frozen ownership until it stopped attacking and paying for its damage to Ukraine.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.