The EU agrees to a cap of 100 dollars on the price of Russian diesel in line with the G7

The governments of the European Union (EU) reached an agreement today to set ceilings on the price of Russian diesel and other oil derivatives sold from the bloc to third countries, in line with the reprisals against the Kremlin agreed by the G7 for the war in Ukraine.

Specifically, the ambassadors of the Twenty-seven agreed to establish a maximum price of 100 dollars per barrel for diesel and 45 dollars in the case of other petroleum derivatives.

The cap does not affect the purchases of the community block, which as of this Sunday prohibits all imports from Russia of petroleum derivatives, but it does prevent European operators from transporting and insuring these products if they have been sold at a higher price. to the set limit.

“We must continue to deny Russia the means to finance its war against Ukraine. The EU ban on the importation of petroleum products comes into effect on Sunday. With the G7 we are putting caps on the price of these products, cutting Russia’s income by while ensuring stable global energy markets,” European Commission President Ursula von der Leyen tweeted.

The global cap on the price of petroleum products was pending negotiation when the G7 powers managed to set a limit of 60 dollars per barrel of crude oil in December and the global forum set February 5 as the deadline to move forward with this second part of the measure.

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