The member countries of the European Union have not reached a consensus on the issue of the price ceiling for Russian oil.
EU member states failed to agree on the introduction of a ceiling on prices for Russian oil. Discussion of this issue is likely to be postponed until a more comprehensive sanctions package is agreed upon. Bloomberg reported this, citing its sources on Monday, September 26.
Among the EU member states, Cyprus and Hungary did not agree to the proposal to impose restrictions on Russian oil.
Hungary, Slovakia and the Czech Republic, which receive Russian oil through the pipeline, want assurances that their supplies will remain intact after the introduction of a ceiling on energy prices from Russia, the note of newspaper.
The sources noted that the countries that carry Russian oil – Greece, Cyprus and Malta – may try to protect their supplies from new EU sanctions.
The European Commission met over the weekend with representatives of EU countries to try to find a compromise on a package of restrictive measures against Russia in response to the Kremlin’s actions.
Before an informal meeting of EU ministers in Prague on October 6, member states must reach preliminary agreements on a new package of sanctions against the Russian Federation.
The new EU sanctions are due to take effect on December 5, when previous EU measures come into effect.
The media previously reported that the European Union is looking to conclude a political agreement within weeks to impose a price cap on Russian oil.
In addition, the European Council demands an immediate cap on energy prices in the Russian Federation.
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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.