HomeWorldThe media called the...

The media called the date when the G7 will set a limit on oil prices in the Russian Federation

Image: Getty Images

The Biden administration will report the proposed price to EU ambassadors on November 23, and if they agree, it will be announced that evening.

The G7 countries will set the price ceiling for Russian oil on Wednesday, November 23rd. On Friday, November 18, Bloomberg news agency reported, citing its sources.

The media reported that the Biden administration will privately announce the proposed price before a meeting of European Union ambassadors scheduled for next Wednesday.

If EU ambassadors support this proposal, the restriction will be announced on the same night.

The allies have already discussed setting an upper limit between $40 and $60 a barrel, a range that ranges from the cost of production in Russia to pre-war levels.

The purpose of the restriction is to keep Russian oil on the market, as well as to prevent price increases, and in parallel to reduce Moscow’s profits.

As you know, the G7 countries and Australia have temporarily agreed to set a maximum fixed price for Russian oil at the end of November. Russia has increased oil deliveries to a record high in an attempt to make more money before the sanctions are fully implemented.

It should be noted that world prices for oil of reference grades fell sharply on the last working day of the week.

News from Correspondent.net on Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

Second date for Cha Eunwoo’s show in Brazil is being negotiated, says journalist

After selling out at the "Just One Ten Minute" fan concert ", in São Paulo, a new date would be under negotiations. Find out more!Last Monday, it was announced by production company GigMusic that Cha Eunwoo, member of ASTRO, will arrive in Brazil on June 1st, to...

5 thousand “dragon teeth” were installed in the Odessa region (PHOTO)

More than 5 thousand concrete defensive structures - the so-called “dragon’s teeth” - have already been installed in the Odessa region. .in_text_content_22 { width: 300px; height: 600px; } @media(min-width: 600px) { .in_text_content_22 { width: 580px; height: 400px; } } . This was reported today, March 28,...