The European Union has finally approved the decision on the price ceiling for oil from Russia at $60.
The G7 countries, the EU and Australia are introducing a price limit for Russian maritime crude oil at $60 per barrel from December 5, follows from a decision published by the European Union.
“It is prohibited, directly or indirectly, to provide technical assistance, intermediary services or financing or financial assistance related to the trade, intermediation or transportation, including by ship-to-ship transshipment, to third countries of crude oil or oil products that originate in Russia or have been exported from Russia,” the document says.
The EU countries intend to regularly review the price ceiling, its change will require a unanimous decision of all members of the union. The price ceiling comes in parallel with the start on December 5 of the EU embargo on the purchase of Russian crude oil transported by tankers.
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