The head of the Estonian Ministry of Foreign Affairs, Urmas Reinsalu, said at a press conference of the republican government that the ceiling price for oil purchases from Russia, set by the European Union in December, should be lower. more than the market value of crude oil. Press conference published by portal delfi.ee.
Reinsalu believes the restriction worked and did not cause a “global fuel crisis,” but consistent action must be taken to regulate prices, he says.
“Since the real price of Russian crude oil is below this ceiling, it makes sense to lower it from $60 a barrel.”
The head of the Estonian Ministry of Foreign Affairs is confident that this can be done by mid-January.
“At the initiative of Estonia and Poland, it was decided to regularly review the price ceiling. This procedure is scheduled for mid-January,” the minister said.
Earlier, Markus Krebber, head of German energy company RWE, said that the gas price ceiling was agreed in early December. will not work in the European Union.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.