“The Wall Street Journal” reported on Tuesday (22nd) that the United States and the European Union are seeking to reach an agreement on the price ceiling of Russian oil as early as Wednesday. $70.
Ambassadors from the 27 EU member states will meet on Wednesday, when they will try to agree on a price, which is expected to set the tone in the coming days as the bloc negotiates among its 27 members and then with the U.S. and Britain. price ceiling.
Negotiations on the cap remain contentious, with the United States and the European Union seeking to cap Russian oil prices at around $60 a barrel, though the price ceiling could still be as high as $70.
Biden administration officials cite an average of around $65 a barrel before Russia launched a war on Ukraine as one of its caps.
A price cap of $60 or $65 per share sounds reasonable, but from the Ukrainian point of view, Ukraine wants to see the lowest possible value, the marginal cost of production, the Ukrainian economic adviser said.
Many countries, including Poland and Lithuania, have called for a low price threshold. Poland supports setting a price ceiling for Russian oil at around $20 a barrel.
At the same time, the EU has proposed adding a 45-day grace period for oil loaded before December 5 (the effective date of oil sanctions) and oil unloaded before January 19, as well as easing key shipping terms and easing restrictions on oil exports. The strength of Russian oil sanctions.
The U.S. Treasury Department on Tuesday released new guidance on Russia’s oil price cap policy, reiterating that only companies providing services for Russian oil shipments that knowingly violate the price cap will be punished.
The new guidance states that the price of the Russian oil ceiling may change over time, and Western countries will monitor energy market conditions when considering changes to the ceiling, and may adjust it on a quarterly or semi-annual basis.