After the EU, G7 and Australia, the maximum price for Russian oil

SHAFAQNA TURKEY. Following the European Union (EU), G7 members and Australia have also agreed to apply a maximum price of $60 per barrel to oil transported from Russia by sea.

In a statement by the G7 member countries, indicating that the EU has taken a similar step today, it was stated that a consensus had been reached on the application of a ceiling price of $60 per barrel for oil transported from Russia by sea.

The statement states that the application in question will come into force on 5 December.

In a joint statement, the G7 countries and Australia reaffirmed their determination to phase out Russian-origin crude oil from their markets.

“We reaffirm our intention to gradually remove crude oil and oil products of Russian origin from our domestic markets,” the joint statement said.

Energy crisis in Europe

EU: The price cap for Russian oil shipped by sea will be regulated.

Random Post

Leave a Comment