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The EU cannot agree on a price limit for Russian oil

Europe Most of the countries of the Union Russia is in favor of setting a price limit for oil, but there are differences of opinion on how much this limit will be

Europe Most of the countries of the Union Russia is in favor of setting a price limit for oil, but there are differences of opinion on how much this limit will be.

About this Bloomberg and Politico sites with reference to sources news spread. Russia the decision to set a price limit for oil should have been taken on November 23.

65 for 1 barrel of this limit in Poland dollars did not agree with the proposal. Warsaw believes that this would be a very “generous” step towards Moscow.

Poland and the Baltic countries that the highest price of Russian oil does not exceed 30 dollars per barrel offer they did.

The shipping industry carries large volumes of oil Greece and states that the limit for Russian oil should not be below 70 dollars.

Discussions continued on November 24. That day European Union gas should have discussed price control measures.

60-70 dollars between

Recently, The Wall Street Journal wrote that European Union 60-70 per barrel as the highest price limit for Russian oil dollars discusses the option.

News it is given that the approval of all EU members is required for this decision.

After that, this decision was expected to be approved by G7 group members and Australia.

A few months ago with the proposal to impose a maximum price limit on Russian oil transported by tankers USAMinister of Finance Janet Yellen (Janet Yellen) had performed.

USA and Western countries are trying to limit Moscow’s oil revenues by imposing a price ceiling on Russian oil.

According to them, Russia is using oil and gas uses the income.

However USA and the West also oil and gas they do not want a sharp increase in their prices. It is for this reason that determining the limit creates difficulties.

The 8th package of sanctions will enter into force

Before that, it was discussed to set a price limit for Russian oil between 40-60 dollars per barrel, but in October, Bloomberg wrote that the USA softened its position on this issue and proposed a limit above 60 dollars per barrel.

On December 5, the 8th package of European Union sanctions against Russia should enter into force.

This package also includes setting a price limit for Russian oil.

If EU members fail to agree on the highest price limit, then the ban on financing and insurance of Russian oil will come into force on December 5.

The White House is worried that this could lead to a sharp increase in oil prices on the world market.

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