The European Union’s agreement on a ceiling price for oil imported from Russia will increase the impact of the economic sanctions imposed.
Ursula von der Leyen, President of the European Union (EU) Commission, said that the decision to impose a ceiling price of 60 dollars per barrel on oil transported from Russia by sea will increase the effect of sanctions and reduce Russia’s oil revenues.
Von der Leyen shared a video on the EU countries’ decision to impose a ceiling price on Russian oil from his social media account.
Recalling that the EU and G7 countries will impose a full import ban on oil transported by sea from Russia from 5 December, von der Leyen said, “Today, the EU, the G7 and other global partners have agreed to impose a global cap on oil transported by sea from Russia. agreed on it.” used the phrase.
Von der Leyen stated that the ceiling price for oil will strengthen the effect of the sanctions against Russia, “The ceiling price will further reduce Russia’s revenues.” he said.
Defending that the ceiling price in question will stabilize the global energy market, von der Leyen said that EU companies can provide various services to the Russian oil trade as long as they are traded below the ceiling price.
Von der Leyen stated that the ceiling price will benefit developing and developing economies and emphasized that the ceiling price can be adjusted again in time according to the developments in the market.
EU countries agreed today to apply a ceiling price of 60 dollars per barrel to oil transported by sea from Russia.
