May 19, 2025
EU will invite G7 to reduce the ceiling of oil prices from Russia - media thumbnail
Ukraine News Today

EU will invite G7 to reduce the ceiling of oil prices from Russia – media

Reuters sources say it’s $ 10 reduction”, – WRITE: www.radiosvoboda.org

The EU this week will offer the Ministers of Finance of the Seven Group countries to reduce the maximum price limit for Russian tanker oil from $ 60 to $ 50 per barrel, Reuters reports.

The European Commissioner in Economics Valdis Dombrovskis reported on Monday. He did not say how much the marginal price will change. However, Reuters sources say a $ 10 reduction is discussed.

Reducing the marginal price can be included in the new EU sanctions package, Dombrovskis said. Earlier, this opportunity was mentioned by the Chairman of the European Commission Ursula von der Layen.

According to her, the new package will include restrictions on the Nord Stream pipelines, tankers carrying Russian oil, and additional sanctions on the Russian financial sector.

The restriction of the price of oil was criticized when it was first introduced in December 2022 as too easy for Russia to bypass it. This perception changed on January 10, when Biden administration included 161 tankers, the two largest Russian oil companies, several traders and a key insurer of the country’s tankers.

The new US Finance Minister Scott Bessent spoke of increased measures if Washington believes that this would help accelerate the war in Ukraine.

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