Media: The EU has postponed a decline in price ceiling to Russian oil due to the situation in the Middle East

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The European Union does not introduce a new limitation of prices for export of Russian oil, given the risks of a sharp jump in prices against the background of aggravation of the situation in the Middle East

Source: “European Truth” with reference to Politico

Details: The proposed step that would reduce the maximum price of Russian oil from $ 60 to $ 45 a barrel was to be discussed in Brussels by EU Foreign Ministers.

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However, two diplomats said the escalation of the conflict between Israel and Iran made this plan unrealistic.

“The idea of ​​reducing the price ceiling is likely to work because of the international situation in the Middle East and market instability. At the G7 this week, all countries have agreed that this decision is not worth making this decision. Prices have been close to the level of restriction, but now they are rapidly fluctuating – the situation is too unstable,” said one.

As the publication reminded, at the G7 Summit in Canada, the President of the European Commission Ursula von Der Lyen has recognized that the current measures “had a slight effect – but in recent days we see the increase in oil price, and the current limit still performs its function, so there is no high pressure on it.”

It should be noted that oil prices have increased sharply in recent days after Israel and Iran began to strike one by one.

Recall:

• On June 16, Euro truth wrote that the EU would not reduce the maximal price for Russian oil from $ 60 to $ 45 per barrel, as this initiative would not be supported by the Seven Group.
• It is worth noting that Ukraine has called on the European Union to reduce the maximum price for Russian oil to $ 30 per barrel.
• And US President Donald Trump has previously stated that he wanted to reduce global oil prices, which will make it possible to complete a full -scale invasion of Russia into Ukraine.