EU countries will resume negotiations on the price ceiling for Russian oil

EU countries will resume negotiations on the price ceiling for Russian oil

Representatives of European governments will resume negotiations on the price ceiling for Russian oil on Friday, November 25, in the evening. Previously, they could not agree, as some countries considered the ceiling of $65-70 to be too high. This is reported by Reuters.

 

 A European diplomat, who declined to give his name, said it was unclear at this time how much the positions coincided.

 

 It should be noted that on Thursday, the governments of the European Union, as before, differed on the level at which it is possible to limit the price of Russian oil in order to limit Moscow's ability to pay for the war in Ukraine without causing a shock to the global supply of oil.

 

 The EU states failed to agree on the level of prices for Russian marine oil on Wednesday as well, because the proposal of the "Big Seven" (G7) on the upper level of 65-70 dollars per barrel was perceived by some as too high.

 

 Diplomats said six of the 27 EU countries opposed the level of the price cap proposed by the G7.

 

 Poland wants the ceiling set at $30, arguing that with Russian production costs estimated at $20 a barrel, the G7 proposal would bring Moscow too much profit. Lithuania and Estonia support Poland.





Representatives of European governments will resume negotiations on the price ceiling for Russian oil on Friday, November 25, in the evening. Previously, they could not agree, as some countries considered the ceiling of $65-70 to be too high. This is reported by Reuters.

 

 A European diplomat, who declined to give his name, said it was unclear at this time how much the positions coincided.

 

 It should be noted that on Thursday, the governments of the European Union, as before, differed on the level at which it is possible to limit the price of Russian oil in order to limit Moscow's ability to pay for the war in Ukraine without causing a shock to the global supply of oil.

 

 The EU states failed to agree on the level of prices for Russian marine oil on Wednesday as well, because the proposal of the "Big Seven" (G7) on the upper level of 65-70 dollars per barrel was perceived by some as too high.

 

 Diplomats said six of the 27 EU countries opposed the level of the price cap proposed by the G7.

 

 Poland wants the ceiling set at $30, arguing that with Russian production costs estimated at $20 a barrel, the G7 proposal would bring Moscow too much profit. Lithuania and Estonia support Poland.