China News Agency, Beijing, February 4th. Comprehensive news: The European Union, the Group of Seven and Australia reached an agreement on setting a price ceiling for Russian oil products on the 3rd.
In this regard, Russian Presidential Press Secretary Peskov said that Russia will take measures to safeguard its own interests.
Many Western countries decide to impose price limits on Russian oil products
According to the British government website and Reuters news, the European Union, the Group of Seven and Australia reached an agreement on the 3rd to set a price ceiling for Russian oil products. The price ceiling for more expensive products such as gasoline and diesel is US$100 per barrel. Prices for cheaper products such as naphtha are capped at $45 a barrel.
The price limit order will come into effect on the 5th of this month.
Sweden, which holds the rotating presidency of the EU, announced on the 3rd that representatives of EU member states have reached agreement on relevant issues.
U.S. Treasury Secretary Janet Yellen said the price cap would further limit Russia's oil revenues while safeguarding supply in global energy markets.
The European Union and the G7 set a price ceiling of US$60 per barrel for Russian oil exports in December 2022. If the price exceeds the ceiling, services such as transportation insurance and finance will no longer be provided.
Russian President Vladimir Putin signed a decree that month prohibiting the sale of oil and oil products to countries that impose price limits on Russian oil.
According to the TASS news agency, in response to the new price limit imposed by the West, Russian President’s Press Secretary Peskov said on the 3rd, “This move will lead to further imbalances in the international energy market, and Russia will take preventive measures to prevent its own interests from being affected.”
U.S. Provides Another $2.175 Billion in Military Aid to Ukraine
According to the official website of the U.S. Department of Defense on the 3rd, the United States has decided to provide two more military aids to Ukraine, with a total value of 2.175 billion U.S. dollars.
Among them, aid worth US$425 million will be drawn from the Department of Defense inventory under the authorization of US President Biden, including the "Hippocampus" High Mobility Rocket Launcher System (HIMARS) and ammunition for various weapons; the remaining US$1.75 billion in aid It will be provided to Ukraine through the "Ukraine Security Assistance Project".
24th Ukraine-EU summit held
According to the Ukrainian President’s website, the 24th Ukraine-EU Summit was held in Kyiv, the capital of Ukraine, on the 3rd. The parties at the meeting discussed issues such as Ukraine’s accession to the EU, aid to Ukraine, and the EU’s tenth round of sanctions against Russia.
Ukrainian President Volodymyr Zelensky said Ukraine's goal is to start negotiations to join the European Union this year.
European Council President Michel said the European Council supports Ukraine's efforts to join the EU.
President of the European Commission Ursula von der Leyen spoke positively of the progress Uzbekistan has made in implementing the seven reform proposals of the European Commission.
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