The oil price ceiling may be higher than the previously discussed range of $40-60 per barrel. “The Allies have previously discussed setting a cap at $40-60 a barrel… but people familiar with the recent discussions said it would likely be slightly higher than that,” Bloomberg reported. The European Union also proposed a 45-day transitional period after the announcement of a ceiling on Russian oil prices. Russian President Vladimir Putin has said that Russia will not act to its own detrime
“The Allies have previously discussed setting a cap at $40-60 a barrel… but people familiar with the recent discussions said it would likely be slightly higher than that,” Bloomberg reported.
The European Union also proposed a 45-day transitional period after the announcement of a ceiling on Russian oil prices.
Russian President Vladimir Putin has said that Russia will not act to its own detriment if Western countries impose a price ceiling on Russian energy resources.