BEIJING, Dec. 4 (Xinhua) According to the British Broadcasting Corporation (BBC), the European Union agreed on the 2nd to set a cap on the price of Russian oil exports at US$60 per barrel.
However, Ukrainian President Volodymyr Zelensky was strongly dissatisfied with this, saying that it has not been "serious enough" to damage the Russian economy.
According to reports, Zelensky said in a video released on the evening of the 3rd local time, "Russia has brought huge losses to all countries in the world by deliberately destabilizing the energy market." item "Acknowledgement of Weakness".
Data map: Zelensky.
Zelensky emphasized, "In any case, stronger tools must be used. It is only a matter of time. It is a pity that (Western countries) will miss this opportunity."
Zelensky also said that a price cap of $60 a barrel would generate about $100 billion in annual budget revenue for Russia.
“The logic is obvious: if the price ceiling for Russian oil was $60 instead of the figure discussed by Poland and the Baltic states, say $30, then Russia would still be earning about $100 billion a year.”
On the 2nd, EU member states reached an agreement on setting a price ceiling of US$60 per barrel for Russia's seaborne oil exports. It will take effect on or shortly thereafter on December 5.
According to this price ceiling, if the price of oil exceeds the threshold of US$60 per barrel, the provision of insurance, financial and other services for Russian oil transportation will be prohibited.
In this regard, the Russian side stated that the price limit on Russian oil will disrupt market rules and will lead to a surge in global energy prices, and Russia will not export oil to countries that set price caps.