Poland proposes to set Russian oil prices at $30 a barrel

24 November, 2022
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Poland proposes to set Russian oil prices at $30 a 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.


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