EC says no majority in EU, G7 to change Russian oil price cap - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

EC says no majority in EU, G7 to change Russian oil price cap

BRUSSELS, Mar 30 (PRIME) -- There is no majority in the E.U. and the Group of Seven leading industrial nations to change the price cap on Russian oil, European Commission spokesman Daniel Ferrie said on Thursday in a news briefing.

The European Commission had analyzed the situation, and is in contact with the E.U. member countries, but the union and G7 lack the majority necessary to amend the decision, he said.

Western oil sanctions came in force on December 5, 2022. The E.U. stopped receiving Russian seaborne oil, while the G7 countries, Australia and E.U. capped the price at U.S. $60 per barrel. In response, Russia banned supplies of oil under the contracts that use the price caps directly or indirectly from February 1.


30.03.2023 14:45
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 100.4425 +0.5457 23 feb
USD 92.7519 +0.3132 23 feb
Stock Market Indices
1D 1W 1M 1Y
micex 3142.30 +0.09 18:51 22 feb
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 158.26 -0.24 18:44 22 feb
lkoh 6990.50 0.00 23:50 22 feb
rosn 562.35 0.00 23:50 22 feb
sber 283.09 +0.39 18:44 22 feb
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 100.0350 +0.2775 14:59 22 feb
USDTD 95.9875 +3.6575 17:44 22 feb