Bloomberg learned about the discussion of the price ceiling of $60 for Russian oil

According to agency sources, most EU and G7 countries agree to this price, subject to certain conditions. Greece, for example, is seeking the option of reviewing the limit,

The European Union is discussing setting a price limit for oil from Russia at $60 per barrel, Bloomberg writes, citing sources familiar with the matter. Previously, a $62 level was offered.

Thus, the EU wants to reach an agreement both between the members of the union and with the G7, which includes, in addition to the three European countries  , the USA , Canada, Great Britain and Japan. According to the interlocutors of the agency, many states agree to this version of the limit, if the introduction of this measure is combined with other requirements.

Novak warned of refusing to supply oil to thosewho will introduce the price ceiling Economics

The last negotiations on limiting the price of Russian oil took place on November 28 and were unsuccessful. Reuters sources said that an agreement could not be reached due to the position of Poland: it demanded that the limit be reduced to $30. Bloomberg writes that the Baltic countries were also in favor of low prices. And the countries that are engaged in the transportation of fuel, in particular Greece, have taken the opposite position.

Poland and the Baltics have demanded progress on a new package of EU sanctions, while Greece, Malta and Cyprus are asking for a renegotiable ceiling on oil prices, Bloomberg notes.

Up to the level of $62, a ceiling of $65 was offered, the agency wrote. At the same time, Greece, for example, demanded a limit of $70, the Politico newspaper noted.

President of Ukraine Volodymyr Zelensky pointed out that proposals to set a price ceiling for Russian oil at $60-70 per barrel are more like "an attempt to portray something, not to do something."

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On November 30, Brent oil traded at $85 per barrel. At the end of November, the price of Russian Urals oil fell below $52.

The European Union failed to agree on a price ceiling for Russian oil Politics

The West is seeking to agree on a price ceiling for Russian oil before the embargo on oil supplies from Russia by sea comes into force on December 5 this year. A similar measure for oil products will come into effect on February 5, 2023.

The Russian side has repeatedly stated that it will not supply oil to those countries that will impose a price limit. Kremlin spokesman Dmitry Peskov noted that Moscow is following the negotiations on this issue and the proposed limit levels. “No one will shoot himself in the foot in our country,” Russia intends to “be guided solely by its own interests,” Peskov said.