European Union governments reached an agreement this Friday. Russia sets price ceilings for diesel and other petroleum derivatives Oil Sold to third countries from the bloc in retaliation to the Kremlin decided by the G7 for the war in Ukraine.
Specifically, the ambassadors of Twenty-seven agreed set a maximum price of $100 per barrel for diesel and $45 for other petroleum derivativesseveral diplomatic sources briefed EFE.
Top does not affect community block purchasesIt bans all imports of petroleum derivatives from Russia from this Sunday, but prevents European operators from transporting and insuring these products if they are sold at a price higher than the fixed ceiling.
“We must continue to prevent Russia from financing its war against Ukraine. The EU ban on imports of petroleum products comes into effect on Sunday. With the G7, we set a cap on the prices of these products and reduce Russia’s income somewhat. European Commission President Ursula von der “Ensuring stable global energy markets,” Leyen tweeted.
The global cap on the price of petroleum products remained to be negotiated when the G7 forces managed to set a cap of $60 per barrel of crude in December, and the global forum set February 5 as the deadline to advance in this second part of the agreement. measurement.
With today’s agreement, the EU, in addition to the ban on the import of petroleum derivatives, The limit on exports to third countries will be effective from this Monday.however, for purchases made before this date, the contract includes a 55-day transition period.
On the other hand, according to the same sources, European Union countries have decided not to change the said limit on crude oil. “obviously having the desired effect”, in other words, it is effective in reducing Russia’s incomes through oil exports.
Accordingly, Twenty-sevens agreed to re-examine the issue in March to determine whether a change to the cap set for Russian crude at the time was justified.
Source: Informacion
James Sean is a writer for “Social Bites”. He covers a wide range of topics, bringing the latest news and developments to his readers. With a keen sense of what’s important and a passion for writing, James delivers unique and insightful articles that keep his readers informed and engaged.