The members of the European Union have agreed to limit the price of Russian oil to 60 dollars per barrel, which ended the multi-day discussion on the issue, Politiko reported, as reported by N1.
The maximum price of 60 dollars was the most opposed by Poland, which asked for it to be lower, but gave its consent today.
According to the agreement adopted today, the members of the Group of 7 will prohibit their insurance and forwarding companies from facilitating the delivery of Russian oil to third countries, if it is sold for more than 60 dollars per barrel.
A Politika diplomatic source said that the agreement will be reviewed every two months, and the goal is to set the limit at a level that is at least five percent below the market price of Russian oil during the review process.
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Reuters reported that the White House earlier today welcomed the news that the European Union plans to cap the price of Russian oil.
"We believe that the price cap will help limit Mr. (Vladimir) Putin's ability to profit from the oil market so that he can continue to fund the war machine that continues to kill innocent Ukrainians," said US national security spokesman John Kirby.
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