Kallas supports cutting Russian oil price to $40 to limit Kremlin’s finances - Bloomberg
EU diplomat Kaja Kallas said it was necessary to reduce the price ceiling for Russian oil in order to further limit Russia's revenues and weaken its ability to finance the war against Ukraine.
This is reported by Bloomberg with reference to her statement, Censor.NET informs.
"I really insist on lowering the ceiling because it has an obvious effect," Kallas said.
She noted that despite the results achieved, there are still a number of steps to be discussed and implemented. "But there are still measures that we can use. Of course, countries need to discuss this," she added.
The Group of Seven countries are already working to strengthen the mechanisms of the price cap, which is currently $60 per barrel. Options are being considered to reduce it to $40 or even introduce a complete ban on the processing of Russian crude oil. However, there has been no final decision on the direction of travel as discussions continue.
As a reminder, six EU countries have called on the European Commission to lower the current price threshold for Russian oil set by the G7 at $60 per barrel.
