On Thursday, December 1, the governments of the countries of the European Union agreed in advance to cap the price of Russian oil, which is transported by sea, at 60 dollars per barrel.
Reuters writes about this with reference to the words of an EU diplomat who wished to remain anonymous.
According to him, Poland, which insisted that the limit be as low as possible, should give an answer on December 1.
Consultations with Warsaw are currently ongoing.
The deal must then be approved in writing by all EU governments by Friday.
The G7 price cap on Russian oil should come into effect next week - December 5.
The idea belongs to the G7 countries.
It is to ban shipping, insurance and reinsurance companies from handling cargoes of Russian crude around the world unless it is sold at a price below that set by the G7 and its allies.
"The G7's initial proposal last week was to cap the price
at $65-$70 a barrel with no adjustment mechanism.
With Russia's Urals oil already trading below that, Poland, Lithuania and Estonia rejected the level as inconsistent with Moscow's primary goal of reducing revenues and its ability to finance the war in Ukraine," the agency's website says.
The news is updated...