The 27 countries of the European Union (EU) have reached an agreement to impose a maximum price of 60 dollars per barrel on Russian oil, within the framework of the sanctions for the Russian invasion of Ukraine, as announced by the Polish ambassador Andrzej Sados.
Poland, which was demanding an even lower price, has finally withdrawn its objections and the measure will become official over the weekend, the Polish representative to the EU has specified, reports AFP.
Brussels was pending adding Poland
to the cap at these prices, a move aimed at undermining Moscow's means to finance the war in Ukraine.
However, Warsaw considered the position of the rest of the partners limited.
The ambassadors of the European countries touched on the agreement on Thursday night, in coordination with G7 allies such as the United States, the United Kingdom and Australia.
Phuc-Vinh Nguyen, an energy expert at the Jacques Delors Institute, estimates that
Russia has earned 67 billion euros from its oil sales to the EU
since the start of the war in Ukraine, with an annual military budget of around 60 billion. , as collected by Europa Press.
The mechanism would prohibit companies that provide services that allow the maritime transport (freight and insurance) of Russian oil above the limit of 60 dollars, in order to limit Russia's income from its deliveries to countries that do not impose an embargo, like China or India.
Thus, the instrument should strengthen the effectiveness of the European embargo, along the lines of similar measures adopted by the United States and Canada.
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