Economy The EU agrees to a cap of 100 dollars on the price of a barrel of Russian diesel

The governments of the European Union reached an agreement today to set ceilings on the price of Russian diesel and other oil derivatives sold from the bloc to third countries, in line with the reprisals against the Kremlin agreed by the G7 for the war in Ukraine

Economy The EU agrees to a cap of 100 dollars on the price of a barrel of Russian diesel

The governments of the European Union reached an agreement today to set ceilings on the price of Russian diesel and other oil derivatives sold from the bloc to third countries, in line with the reprisals against the Kremlin agreed by the G7 for the war in Ukraine.

Specifically, the ambassadors of the Twenty-seven agreed to establish a maximum price of 100 dollars per barrel for diesel and 45 dollars in the case of other oil derivatives, various diplomatic sources informed EFE.

The cap does not affect the purchases of the community block, which as of this Sunday prohibits all imports from Russia of petroleum derivatives, but it does prevent European operators from transporting and insuring these products if they have been sold at a higher price. to the set limit.

"We must continue to deny Russia the means to finance its war against Ukraine. The EU ban on the importation of petroleum products comes into effect on Sunday. With the G7 we are putting caps on the price of these products, cutting Russia's income by while ensuring stable global energy markets," European Commission President Ursula von der Leyen tweeted.

The global cap on the price of petroleum products was pending negotiation when the G7 powers managed to set a limit of 60 dollars per barrel of crude oil in December and the global forum set February 5 as the deadline to move forward with this second part of the measure.

With today's agreement, in addition to the veto on imports of petroleum derivatives, the EU will apply the limit on exports to third countries starting this Monday, although the pact includes a 55-day transition period for purchases that have been made. before that date.

On the other hand, the countries of the European Union also decided not to modify said cap on crude oil because, according to the same sources, "it is clear that it is having the desired effect", that is, it is being effective in cutting the collection of Russia to through its oil exports. Along these lines, the Twenty-seven agreed to study this issue again in March to determine whether a modification of the ceiling established on Russian crude is justified at that time.

According to the criteria of The Trust Project

NEXT NEWS