The European Union and the United States will review the price ceiling for Russian oil in March

The European Union and the United States will review the price ceiling for Russian oil in March

The countries of the European Union and the USA promise to revise the price limit for Russian crude oil already in March.

 

 This was announced by Ben Harris, the assistant secretary of the US Treasury for economic policy.

 

 "Europe undertook to review the ceiling price (for Russian oil - ed.) in March. This was reported in the IEA (International Energy Agency - ed.). Europe also undertook to adopt a certain theoretical guideline for the price of oil, which should be five dollars less than the market price of Russian oil. So, if the market price is $50, that means a price reduction of two or three dollars. These were European commitments," said Harris.

 

 At the same time, according to him, the USA and the G7 countries also promised to review the price of Russian oil, but did not undertake to adjust it. For now, they are awaiting the IEA's assessment.

 

 It is worth noting that the current price limit for Russian oil, set by the EU and the "Big Seven" countries, is $60 per barrel.

 

 It will be recalled that earlier the Minister of Foreign Affairs of Estonia, Urmas Reinsalu, stated that in March, the European Union needs to halve the current price limit for Russian oil.

 

 We also wrote that, according to Amos Hochstein, the US President's special coordinator for international energy issues, his country is satisfied with the price ceiling for Russian oil.





The countries of the European Union and the USA promise to revise the price limit for Russian crude oil already in March.

 

 This was announced by Ben Harris, the assistant secretary of the US Treasury for economic policy.

 

 "Europe undertook to review the ceiling price (for Russian oil - ed.) in March. This was reported in the IEA (International Energy Agency - ed.). Europe also undertook to adopt a certain theoretical guideline for the price of oil, which should be five dollars less than the market price of Russian oil. So, if the market price is $50, that means a price reduction of two or three dollars. These were European commitments," said Harris.

 

 At the same time, according to him, the USA and the G7 countries also promised to review the price of Russian oil, but did not undertake to adjust it. For now, they are awaiting the IEA's assessment.

 

 It is worth noting that the current price limit for Russian oil, set by the EU and the "Big Seven" countries, is $60 per barrel.

 

 It will be recalled that earlier the Minister of Foreign Affairs of Estonia, Urmas Reinsalu, stated that in March, the European Union needs to halve the current price limit for Russian oil.

 

 We also wrote that, according to Amos Hochstein, the US President's special coordinator for international energy issues, his country is satisfied with the price ceiling for Russian oil.