Poland opposes the European Union’s proposal to impose a ceiling on Russian oil prices at the level of 65-70 US dollars per barrel.
Most European Union countries supported the proposal to impose a ceiling on Russian oil prices at the level of 65-70 US dollars per barrel, but Poland proposed the price at 30 dollars, according to Politico newspaper.
This came as a result of discussions in the European Union, in coordination with the Group of Seven, regarding setting a price ceiling for Russian oil at 65-70 dollars per barrel. The adoption of an oil price cap requires the agreement of all EU member states.
The energy ministers of the European Union failed, during their meeting today, Thursday, in Brussels, to agree on a decision to limit the rise in gas prices by imposing a price ceiling, according to what was announced by the Hungarian Foreign Minister, Peter Siarto.
And a senior US Treasury official said, on Wednesday, that it is likely that the United States and its allies, after putting a ceiling on the price of Russian oil, will adjust the price of oil several times annually, not monthly.
Earlier in the day, Russian President Vladimir Putin warned of the dangerous repercussions of setting a ceiling on the price of Russian oil, and said that “these practices may lead to serious consequences for global markets.”
In the same context, the official spokeswoman for the Russian Foreign Ministry, Maria Zakharova, said today, Thursday, that the European Union’s attempts to put a ceiling on gas prices will create a dangerous precedent and threaten a global recession.
Also read: Putin: Russia will stop gas and oil shipments if a price ceiling is set
Finance ministers of the Group of Seven countries (Britain, Germany, Italy, Canada, the United States, France and Japan) sought in September to impose restrictions on Russian oil prices, as part of the expansion of sanctions.
In early October, the European Union introduced the eighth package of sanctions against Russia, which includes a legislative basis for capping the price of Russian oil by sea to third countries.