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The European Union has reached an agreement on a new package of sanctions against Russia, which includes a lower price for gross barrels of Moscow oil.
During the year of invasion of Russia in 2022, the G7 and the EU restricted the price at which countries that do not G7 can continue to buy coarse products of Moscow and petroleum products when using delivery and material and technical services from G7 companies.
Measures aimed at restricting oil revenue in Russia are the basis of their economy and military treasury – while maintaining the country’s supplies to the market to avoid a large deficit.
The price restriction agreed in December 2022. The prohibited access to transport, insurance and reinsurance G7, when buyers who are not in the G7, paid more than $ 60 a barrel. Previously, Russian raw materials are primarily sent to buyers in China and India.
In June, the production of Russian raw raw materials averaged 9.19 million barrels a day, According to the July report of the International Energy Agency. The price measures also moved the transportation of some volumes of Russia to the so -called shadow fleet from radar tankers and shells.
EU politicians on Friday reported that the Russian oil price will be reduced within the recently agreed sanctions package.
“I welcome the agreement on our 18th sanction package against Russia. We are surprised at the basis of the Russian military machine. Signing on its banking, energy and military industrial sectors, including the new dynamic oil price,” EU Commission Ursula von der Leyen Leyen Leyen Leyen Leyen Lee. said on social networks.
Named EU’s chief diplomat contact The fact that the “low -end oil cover” was part of freshly received measures, also noting that for the first time the block authorized the largest refinery of Russian oil Rasneft in India.
No official, obviously, called the level of a new value.
The new price for the Russian rough will remain flexible according to the market dynamics and will be set just above $ 47 a barrel at current market prices, according to four European officials who made CNBC, provided anonymity with the sensitivity of this topic.
CNBC appealed to Canada, the owner of the annual Turn of G7 in 2025 to comment on whether the group of reduced threshold supports. CNBC also contacted the Russian Foreign Ministry and the Ministry of Energy for comment.
The price amendment is part of the broader European push to further pressure Russia to stop hostilities in Ukraine.
US President Donald Trump initially accepted a more concilian tone to the Kremlin than his predecessor Joe Biden after his post in January, but showed signs of reducing patience in delaying negotiations on stopped fire.
US Senator Lindsey Graham recently hinted on the possibility of American measures against countries bought by Russian oil while trying “trying”Give President Trump Smally in Congress “If necessary – to finish this bloody bath.”
Buyers such as India have previously defended their right to buy from reduced Russian oil, citing national interest to provide the most affordable energy resources.
In recent months, the oil markets have been shocked by the stability problems, as increased tensions between Israel and Tehran have raised the ghost of flow interruptions in Iran and the wide oil Middle East.
– Sylvia Omar CNBC contributed to this report.
