July 11, 2025
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Reuters: The European Commission can offer a “floating” price for Russian oil

The European Commission is considering the idea of ​​changing the approach to the “ceiling of prices” to Russian oil, introducing a floating border, reports Reuters, citing four EU diplomats. This step is considered as a way to unlock the approval of the 18th Package.”, – WRITE: www.pravda.com.ua

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The European Commission is considering the idea of ​​changing the approach to the “ceiling of prices” to Russian oil, introducing a floating border, reports Reuters, citing four EU diplomats. This step is considered as a way to unlock the approval of the 18th Package.

Source: “European Truth” with reference to Reuters

Details: According to Reuters, the European Commission develops a mechanism that will adjust restrictions on Russian oil according to changes in global oil prices.

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One of the sources of the agency has specified that the mechanism is still being developed and provides for a more automated process of revision of prices in order to adjust it in accordance with world oil prices.

Currently, it is unclear what the restriction will be, but according to one of the Reuters sources, the initial price will be a little higher than $ 45.

Recall:

  • Earlier, the European Commission proposed to reduce the “ceiling of prices” for Russian oil from $ 60 to $ 45 per barrel within the 18th Package of EU sanctions against Russia.
  • But the plan had to be abandoned because the EU and the United Kingdom could not enlist the support of US President Donald Trump.
  • It is still unknown whether the EU ambassadors will agree to revise the mechanism of price limitation for Russian oil,
  • Slovakia is now opposed to the 18th Package of Sanctions because of the EU plan to stop importing Russian energy by 2027.

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