Disclosure of G7 plan for Russian oil price cap Russian News EN

WSJ: G7 countries intend to keep Russian oil price cap at $60

The G7 countries want to keep the Russian oil price cap at $60 a barrel. On this subject informed The Wall Street Journal.

“The G7 wants to keep the Russian oil price cap at $60 a barrel,” the newspaper wrote, citing people familiar with the matter.

Bloomberg previously reported that Estonia, Lithuania And Poland proposed to lower the ceiling price of Russian oil from 60 dollars per barrel to 51.45 dollars per barrel. That’s five percent below market prices.

Russian offshore oil price cap at $60 a barrel between from December 5, 2022. Initially, it was supported by the G7 group, European Union And Australiathen joined the sanctions Norway And UNITED STATES. On January 10, it was reported that the G7 countries were considering setting two price caps for Russian petroleum products – the measure came into force on February 5.

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