Bloomberg: EU countries postpone discussion of oil price ceiling

Negotiations on the price ceiling for oil from Russia were supposed to resume on November 24 in the evening, but were postponed due to disagreements between the EU countries. About it writes Bloomberg, citing informed sources.

According to the interlocutors of the agency, the discussion of the maximum price for Russian oil may resume on Friday, November 25, or later.

The disagreements of the EU countries are related to the level of the price ceiling. Thus, the EC proposes to set a ceiling price of $65 per barrel. At the same time, Poland considers the restriction too “soft”. According to Politico, the country’s authorities are pushing for a ceiling of $30 per barrel. At the same time, Greece and Malta believe that the price ceiling for Russian oil should be at least $70 per barrel.

Earlier today, Hungarian Foreign Minister Peter Szijjártó informedthat the country received an “exemption” from the price ceiling for energy resources from Russia. According to him, in the current version of the EU proposals, Russian oil supplies through pipelines are not subject to restrictions, which means that the ceiling will not affect oil supplies through the Druzhba pipeline. Szijjártó concluded that in this form the EU initiative will not affect Hungary.

The day before, on November 23, the EU countries could not agree on a position on the marginal price for oil from Russia. European Commissioner for Energy Kadri Simson notedthat negotiations will continue.

The Kremlin called the price cap discussions “incomprehensible” and “inexplicable.” Press Secretary of the President of the Russian Federation Dmitry Peskov reminded the words of Russian President Vladimir Putin, who previously said that Russia would not supply gas and oil to countries that would join the price ceiling.

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