The EU reached an agreement on the introduction of a ceiling on oil prices from Russia
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The European Union has reached an agreement to introduce a price ceiling for oil from Russia at $60 per barrel, said Poland’s permanent representative to the EU Andrzej Sados.
“Poland agreed to an EU compromise on the introduction of a ceiling on Russian oil of $60 per barrel, which will allow the EU to formally approve this decision over the weekend,” the diplomat said (quote according to TASS). Poland has been the only EU country that has so far blocked the introduction of an oil price ceiling.
Earlier today, The Wall Street Journal, citing sources, reported that the European Commission (EC) proposed to the EU countries to introduce a cap on oil prices of $60 per barrel. Later, Reuters also said that the EU had practically agreed on a price limit of $60 per barrel, and now the countries were waiting for Warsaw’s approval.
The fact that the EU countries are discussing limiting the price of Russian oil at $60 per barrel was reported by Bloomberg on November 30. Last week, EU countries failed to agree on a price ceiling due to disagreements between the countries. Bloomberg wrote that the EC proposed a ceiling of $65 per barrel, but this restriction seemed too lenient to Poland.
Earlier, the Russian authorities have repeatedly said that they will not supply energy resources to countries that join the price ceiling for oil and gas from the Russian Federation. “We will not act to our own detriment,” Russian President Vladimir Putin said in October.
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