“The goal is to agree on the timeframe that the EU has already set.
We want to make sure that the price cap mechanism comes into effect at the same time,” the source said.
The Russian Foreign Ministry has warned that the anti-market plans of the G7 countries to set a price ceiling for Russian oil could lead to an increase in prices for it.
According to Russian Deputy Prime Minister Alexander Novak, Russia will not supply oil to the world market if, following the price restrictions discussed by the G7 countries, it turns out to be lower than production costs.
According to analysts at the American bank JPMorgan Chase & Co., if the G7 countries introduce a price limit for Russian raw materials, oil could rise in price to $380 per barrel.
At the same time, US President Joe Biden believes that setting a price ceiling for Russian oil will reduce the cost of gasoline in the country.