China News Agency, Brussels, February 4 (Reporter De Yongjian) The European Union announced on the 4th that it will join hands with the United States, Canada, the United Kingdom, Japan and Australia to impose price caps on Russian oil products.
According to the announcement issued by the European Commission on the same day, the price limit order was implemented on February 5, specifically setting a price ceiling of US$100 per barrel for more expensive petroleum products such as gasoline, diesel, and kerosene; Cheap oil products set a price ceiling of $45 a barrel.
The announcement also pointed out that the EU will continue to monitor the price ceiling, and will evaluate the price ceiling in the future and adjust it as appropriate.
This is the third time the EU has imposed oil sanctions on Russia.
In June last year, the EU announced a ban on the import of Russian crude oil and petroleum products, but temporarily did not impose sanctions on Russian oil products exported to Europe via pipelines; USD price ceiling.
In response to EU sanctions, Russia previously stated that setting a price cap on Russian oil would lead to a sharp rise in global oil prices; Russia will not abide by the price cap, nor will it sell oil to countries that impose price caps on Russia, but will only sell to those willing to do so based on reciprocity. Countries with conditions of cooperation.
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