Oleg Ustenko, the economic adviser to Ukrainian President Volodymyr Zelensky, suggested lowering oil prices from Russia from the current $60 to $10-20 a barrel. journal reports news week.
“Ustenko told Newsweek that he sees a $10-20 ceiling possible, while Kiev wants to halve the limit figure,” the publication said.
Zelensky’s adviser believes Moscow is now making “much less profit” than before the oil price cap was applied. “It would be absurd if this is not done,” said Ustenko.
“This will have serious and important consequences. Let’s lower the ceiling price much lower,” he concluded.
Previously, Bloomberg reported that Estonia, Lithuania and Poland suggested To lower the ceiling price per barrel of oil from the Russian Federation from 60 to 51.45 dollars. These states require the threshold to be set at 5% below market prices, the agency said.
Prior to that, Ben Harris, Undersecretary of the Treasury for Economic Policy, said in March that the country’s authorities handle A joint review with the European Union on the functioning of the price cap mechanism for Russian petroleum products.