WSJ learns about $60 oil price ceiling proposed by the European Commission

G7 countries agree to set price ceilings for Russian oilin September. The discussion of the limit in the EU has been going on since November,

The European Commission has asked the EU member states to approve a price ceiling for Russian oil at $60 per barrel, writes The Wall Street Journal, citing sources.

High-ranking officials of the countries of the union began discussing this proposal on December 1.

Lavrov said that Russia has no interest in the oil price ceiling Politics

The fact that the EU is discussing setting a price limit for oil from Russia at $60 per barrel was reported by Bloomberg the day before. Prior to this, the agency reported that a ceiling of $65 was considered, and later - at $62.

The discussion in the EU of limit prices for Russian oil has been going on since November, but the countries of the bloc have not yet been able to agree on them. So, Poland, according to Reuters, was in favor of a limit of $30, and Greece demanded a ceiling of no more than $70, Politico wrote.

The G7 countries ( USA , Canada, UK, France, Germany, Italy and Japan) have agreed to set ceiling prices for Russian oil in September in order to reduce Russia's revenues and its ability to finance military operations in Ukraine, as well as to reduce their impact on the growth of world prices for energy carriers.

Western countries are seeking to agree on an oil price ceiling before December 5, when an embargo on oil supplies from Russia by sea comes into force.

Read on RBC Pro Chinathe end of the 90s: why India became a curse for Russian importers "Or you will become a janitor": how best to explain to a child why to study Urgently and with a discount of up to 25%: how mobilization changed the real estate market Why Russiawill now work for years on used equipment in the IT field

Russian President Vladimir Putin has indicated that Moscow will not supply energy to countries that make political decisions that contradict the terms of the contracts. His press secretary, Dmitry Peskov, said that the Russian authorities were following discussions on the issue of an oil price cap, but noted that Russia intends to "be guided solely by its own interests."

Read together with it:

  • Rosselkhoznadzor inspected more than 2,000 tons of livestock products shipped to Yakutia.
    The bulk of the shipments consisted of meat products, exceeding 1,000 tons. Also under inspection were 690 tons of feed and additives for farm animals and poultry, 250 tons of milk and dairy products, 60 tons of semi-finished products, 35 tons of fish, 21,000 eggs, and 400 kilograms of honey. The largest suppliers were Moscow , St. Petersburg , Altai Krai, and the Moscow, Leningrad, and Amur regio...
  • Rosselkhoznadzor monitored the export of more than 57,000 tons of veterinary goods from St. Petersburg.
    These products were shipped to countries including Azerbaijan , Angola, Vietnam , and China . 1,500 doses of veterinary vaccines were also exported to Moldova, and over 12.4 million eggs were shipped to Sierra Leone and the UAE. Officials from Rosselkhoznadzor verified compliance with veterinary and sanitary requirements in 15 importing countries , and the goods were shipped with specialized veter...
  • The inflation rate in Russia at the beginning of February 2026 reached 6.5%.
    In particular, prices for fruit and vegetable products increased by 2.1%, with a significant increase for cucumbers (6.3%) and carrots (1.8%). Vodka also increased by 1%, while beef , eggs , and fish each increased by 0.4%. Meanwhile, the cost of pork and butter decreased slightly. In the service sector, there have been significant price increases for vacation trips to the UAE and Russia's Black S...
  • Mexican and Canadian beef is losing ground in the US market.
    Beef from Mexico and Canada is losing ground in American kitchens and restaurants, despite being imported without tariffs imposed on all exports by US President Donald Trump a year ago. According to Tegra Consultant, Canadian meat sales to the United States have fallen by 23.56% over the past two years, while Mexican food exports to that market have fallen by 11.5......
  • EU and Mercosur: Experts warn of shortage of EU veterinarians to control imports and associated health risks
    The agreement between the European Union ( EU ) and Mercosur, which is currently stalled, has caused concern in the primary sector of various EU countries, including Spain, where, in addition to livestock breeders and agricultural producers, veterinarians have joined the complaints. It should therefore be remembered that various veterinary institutions, such as the colleges of Asturias, Lugo and C...
  • Kirilenko spoke about the problems facing Russian teams after sanctions were lifted.
    The head of the Russian Basketball Federation (RBF) stated that FIBA ​​could make a final decision on the return of Russian basketball in April, but visa barriers remain the main problem. Andrei KirilenkoIn an interview with RBC Sport, Russian Basketball Federation (RBF) President Andrei Kirilenko discussed the possible return of Russian basketball to the international arena. He also cited visa an...