The European Union agrees on a ceiling for the price of Russian oil

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The European Union agrees on a ceiling for the price of Russian oil

On Friday, European Union countries agreed to apply a maximum price of $60 per barrel of oil shipped by sea from Russia.

And on social media, the official account of the Czech Republic, which holds the presidency of the current session of the European Union, announced that representatives of member states agreed to set a maximum limit for Russian oil.

He said: “The ambassadors reach an agreement on a ceiling for the price of oil transported by sea from Russia, and the decision will enter into force after its publication in the Official Gazette of the European Union.”

The G-7 countries and the European Union were negotiating to put a maximum limit on Russian oil.

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And last week, the Group of Seven proposed setting a price ceiling between 65 and 70 dollars per barrel of oil transported by sea from Russia.

It should be noted that the Commission of the European Union has proposed the application of a maximum of $ 60 per barrel of oil transported from Russia by sea in order to reach a consensus in negotiations between member states.

The price ceiling applied to Russian oil is to be reassessed every two months.

Russia announced that it would not sell oil to countries participating in the application of a price cap on its oil

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