Bloomberg: EU negotiations to determine the price of Russian oil reached an impasse

According to the report of Fars International News Agency, Bloomberg reported, citing diplomatic sources, that the European Union countries could not reach an agreement on setting the price ceiling for a barrel of Russian oil yesterday, Wednesday.

This news agency mentioned in a report that the talks on this matter will be resumed this Thursday evening or tomorrow Friday; But negotiations between EU countries on Wednesday over setting the cap, an initiative proposed by the Group of Seven, reached an impasse.

The group of seven industrialized countries of the world is a combination of France, the United States of America, England, Germany, Japan, Italy and Canada, which imposed unprecedented sanctions against Russia since the beginning of the Russian military operation in Ukraine in order to put pressure on Russia.

The European Union is trying to reduce its dependence on Russian energy sources and stop more than two-thirds of its oil imports from this country, which has been a problem for Europe in recent months and has faced severe problems of fuel shortages and rising inflation. .

According to Bloomberg, the representatives of the 27 EU countries have not yet been able to agree on the level of the ceiling for the price of a barrel of Russian oil, as it became clear that the proposed level in the range of $65-$70 per barrel is too low for some and too high for others.

Earlier, Bloomberg reported that the European Union, in coordination with the G7, is negotiating to set a price ceiling for Russian energy resources in the amount of 65-70 dollars per barrel.

The finance ministers of the Group of 7 countries (Britain, Germany, Italy, Canada, the United States, France and Japan) last September emphasized their intention to impose limits on Russian oil prices as part of the sanctions, and the oil price ceiling was supposed to be on December 5. 2022 and petroleum products on February 5, 2023.

Moscow, in turn, criticized the move, and Russian President Vladimir Putin announced that Russia will not sell its oil products if it conflicts with its interests.

A few days ago, Russia repeated its threat to completely stop oil sales and drastically reduce production if a ceiling is set for oil prices. Alexander Novak, the deputy prime minister of Russia, said that his country is committed not to any country that sets a ceiling for the price of Russian oil. Determine not to export oil.

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