Expert: G7 countries and EU can lower oil price ceiling in Russian Federation by $5 symbolically in March

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The G7 (G7) countries and the European Union may delay the decision to adjust the ceiling price of Russian oil due to the position difference or accept a compromise option at the limit, which is symbolically reduced from $5 to $55 per barrel. . This opinion was expressed by stockbroker “BCS World of Investments” Yevgeny Mironyuk, reports DEA News.

“As the positions of the countries that support the price ceiling agreement are now diametrically different, the option to delay decision or compromise with a symbolic lowering of the ceiling by $5 is possible,” Mironyuk said.

The expert reminded that in March, Russian authorities decided to cut oil production by 500,000 barrels a day, and according to some experts, $60 per barrel would enable Russian companies to continue to profit.

According to him, tightening of restrictions could lead to further reductions in output, and in turn, prices on international trade floors could rise to “levels that could affect the stagnation of economic growth in the US and EU”.

He added that the Polish and Lithuanian economies are also dependent on energy prices, but the impact on GDP growth in these countries is less significant, so their political position towards Russia is principled.

Earlier, The Wall Street Journal, citing sources, wrote that the G7 countries trust the US. save The ceiling price for Russian oil is 60 dollars per barrel.

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