Reuters: EU again failed to agree on a price ceiling for Russian oil
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The countries of the European Union once again failed to agree on a ceiling price for Russian oil because of Poland, which is in favor of a significant reduction, writes Reuters.
“There is no deal. Legal texts have already been agreed, but Poland still cannot agree on a price,” one of the diplomats said.
The G7 has proposed a limit of $65-70 per barrel of Russian oil, but Warsaw is “absolutely uncompromising” on the price issue, and its position is causing increasing irritation among other negotiators. Poland and some other countries believe that the introduction of a limit at this level will not have any effect, since Russian oil is already trading below it. Poland, Lithuania and Estonia are pushing for a price ceiling of $30 a barrel. At the same time, Malta, Cyprus and Greece, which previously considered the proposed ceiling too low, received some concessions from the EU.
The EU must agree on the imposition of restrictions by next Monday, otherwise the tougher measures agreed in May, which imply a ban on sea shipments of Russian crude oil from December 5 and oil products from February 5, will come into force.
In the Kremlin before called price cap discussions are “incomprehensible” and “inexplicable”. Press Secretary of the President of the Russian Federation Dmitry Peskov also recalled the words of Russian President Vladimir Putin, who had previously stated that Russia would not supply gas and oil to countries that would join the price ceiling. According to Bloomberg, in the Kremlin cook a presidential decree that will prohibit Russian traders from selling oil to countries and companies that have joined the energy price cap mechanism.
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