US opposed to a decline in pricing on Russian oil – Bloomberg

US President Donald Trump. Photo: Getty Images

The United States is against the initiative of the Great Seven countries to reduce the marginal price of Russian oil, which complicates the efforts of the EU and the United Kingdom to use this tool to increase pressure on Russia.

Source: Bloomberg

Details: According to Bloomberg, the United States is against reducing the marginal price of Russian oil, which dispels the hopes of European leaders that they will agree to a decrease in price at the Great Seven summit in Canada.

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Literally: “The final decision depends on President Donald Trump, but the US side does not show readiness to revise its position at the G7 finance ministerial meeting this year.”

Details: The European Union and the United Kingdom are in favor of reducing the price limit from the current $ 60 to $ 45 per barrel, thereby reducing Russia’s oil income, which it uses to finance the war against Ukraine.

According to one of the sources of the publication, the EU and the United Kingdom can consider reducing the price ceiling without the participation of the United States.

Literally: “Since most Russian oil supplies are near European waters, such actions may have some effect. However, an agreement with the participation of all G7 countries would be much more effective because it would be more effective, as it would be relied on on US coercive mechanisms.”

Prehistory:

• As reported by “European Truth”, the projection of the 18th EU sanctions package against Russia included a proposal to reduce the upper limit of the price of Russian oil from 60 to 45 dollars per barrel.
• It is worth noting that Ukraine has called on the European Union to reduce the maximum price for Russian oil to $ 30 per barrel.
• The European Union has admitted that even if the United States did not agree to further reduce the price ceiling for Russian oil, the EU can do so on its own.