Bloomerg: the EU proposed a transition period of 45 days after the introduction of the oil price ceiling

“The bloc proposed adding a 45-day transition period to the introduction of the restriction,” Bloomberg reports, citing the document.

It is clarified that the transition period will apply to oil loaded before December 5 - that is when it is planned to introduce a ceiling on oil prices.

It is also proposed to apply the transition period to oil unloaded before January 19, 2023.

Earlier, the US Treasury proposed to set the maximum price for Russian oil in the region of $60.

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.