Politico: The EU and its rich country allies are taking aim again at Russia’s ability to earn money from its vast oil reserves by moving to limit the price of Moscow’s refined oil products. The bloc is proposing that G7 allies cap the price of Russian diesel at $100 a barrel and set a separate cap of $45 for other cheaper oil products. The EU wants to bring in the measure on February 5 — the same date as its embargo on buying Russian oil products goes into effect (Politico).
Bloomberg: Companies would only be able to access key EU services — such as shipping and insurance — if they comply with the cap and purchase the affected products below the threshold (Bloomberg).
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