European Union countries have agreed to put a cap on the price of Russian oil – currently at 60 dollars a barrel. The move aims to reduce Moscow’s ability to fund its war in Ukraine with revenue from petroleum exports.
The EU joins the United States and other G7 nations in sanctioning Russian oil, which recently traded at about 65 dollars a barrel. The measure will come into effect on Monday, and intensifies Western pressure on the Kremlin over its invasion of Ukraine. European Commission President Ursula von der Leyen said the price cap would have a wide range of implications.
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#Russia #EU #Oil
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Sure it will starved west Europe
And Putin will be World Leader!
Where is the free market we talk about? If Russia also applies a floor oil price. For example, any country that imposes a oil price cap, or provides weapons to Ukraine, must buy oil at a floor minimum price of 150 USD/barrel. Or any country that wants to buy Russian oil for use is OK, but if it is bought to resell to the EU or US, it has to buy a floor limit price of 150. OPEC also has to sell a floor minimum price of 150 or more to countries hostile to Russia. If Russia did support a certain country in Middle East, if having war at the lifeline of the world's oil transportation, it would destroy the whole world economy. Please stop down all side. Do not scale up. We dont known why we must sacrify our money for Ukraine war.
Why EU doesn't put cap price for the oil/gas import from the US?
The trick is russians can sell a lower grade heavy crude to europe for a cheaper price.
Well well look at these western fools. They are trying to manipulate markets while claiming to be pro freedom and pro free market. What a pathetic bunch of losers!! They are market manipulators, but in another time they would complain about this very practice. West is a hypocritical wasteland with zero moral standing in the world. Just bitter imperialist thieves who want to control everything
Even Saudi Arabia started to buy oil from Russia and sell it to the EU 😂
Backfire
Zelensky making clowns out of these fools 😆
price cap doesn't really concern the EU or the US (since they don't buy anything ruzzian any longer) BUT it will prevent china, india and all the various ruzzian cronies to buy ruzzian oil and re-sell it at market value…
nobody cares what clown's EU agreed now..
News that the MSM will not tell you:
◾"Rosneft" is the main Russian oil supplier to China, provides 7% of China's total demand for raw materials;
◾Russian-Chinese trade turnover by the end of the year may reach $180-190 billion;
◾In January-October 2022, the volume of oil exports from Russia to China increased by 9.5% and amounted to almost 72 million tons;
◾Supplies of electricity from Russia to China for 10 months of 2022 increased by 33%;
◾Rosneft's gas reserves in Eastern Siberia and the Far East, which could potentially be supplied to China, exceed 2 trillion cubic meters. m;
◾Supplies of Russian coal to China for 10 months amounted to 53 million tons, Russia's share in total coal imports is 23%;
◾The volume of oil production at the Vostok Oil project will reach 115 million tons by 2033, which is 2.5% of the current world production.
◾ Vostok Oil will ensure long-term reliable energy supplies to Asian countries and reduce price volatility.
SI RTVE PARTICIPO BASTANTE EN EL FRAUDE DE BIDEN GRABADA EXACTO.
Hope EU stop buying Russian oil & gas and set a example… hopefully they have the guts to do that I am sure they have ……even after stocking as much as Russian oil and gass…❤
Please cap the price of US oil and opec for the good of humanity and set a great example.. ❤❤❤❤
Best of luck just don’t get frozen my friends in EU .. save some woods
Did G7 consult other countries before making this decision?
At the meanstime 28 member s still don't understand , where the prices cap and where the fruel ..
Cheap gasoline but no gasoline
The End of Russia. Humanity asks: – When will history bury dictators like Putin once and for all? – What does a murderous government have to worry about minorities like gays? – But governments have to divert the attention of the majority, especially attention to the belly, which groans with hunger. While millions die of hunger and cold in Russia, the dictator is left worrying about minorities, while the majority, including the celebrated fathers of families, and their children, die of hunger and cold.
Typical hypocrites the western allies. They won't cap the price of oil and energy in their own countries but want to cap the price of Russian oil.
Respect France from Indonesia
Saat ini negara'yang bertahan adalah yang menjalin hubungan baik dengan negara lain,bukan dengan cara intimidasi
Is this cap just for Russia? If so, why not make a world cap…
EU is buying Russian oil indirectly with the help of other countries
🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡
Europe shoots itself on the Other Foot, and one Heand, United States the OBVIOS winner whith this move, Northern European Countries Have ACCTUALY has put the US interests Before their own Population, RUSSIAN WINTER IS COMMING, and Europe WILL Frezze, the US will stay Cozy as ALLWAYS !!!,
Yeah you know what happens when you have a developing country
i don't agree with that analyst. why would they pay more than 60dollars if they can get it elsewhere for 60.
Drug addicts don't decide drugs' price, drug dealers does.
European citizens had better prepare for higher prices at the pumps. The sanctions always backfire. Bad news for us, great news for India.
Yeah, customer dictates the price to the seller. Good luck with that.
Absolutely redicoulous. Guess what will hapen. Oil prices will skyrocket. EU citizens will suffer additional income losses thanks to incompetent leaderships. And Putin will be able to sell oil at much higher prices since global price will be much higher. I wonder if our decission makers in eu have any idea how markets work. The fact that we have new sanctions reveal the complete failure of the previous ones. The problem is not putin and russia. The problem is our so called leadership in eu that make europeans poorer with every decission they take.
Shame on Europeans who are buying Russian oil and supporting Ukrain..
Europeans HYPOCRISY at next level….
This is setting a new precedent. Other major oil producers need to be really cautious & careful on how to deal with is. If this move to put a cap on a strategic commodity is successful God knows what is next (gold, gas, coffee..etc).