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EU eyes $100/barrel cap on Russian premium oil products, $45 on discounted

UKRAINE-CRISIS-EU-OILPRODUCTS-CAP:EU eyes $100/barrel cap on Russian premium oil products, $45 on discounted
UKRAINE-CRISIS-EU-OILPRODUCTS-CAP:EU eyes $100/barrel cap on Russian premium oil products, $45 on discounted -  Copyright  Thomson Reuters 2023
Copyright Thomson Reuters 2023
By Reuters
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BRUSSELS - The European Commission is proposing that the EU set a $100 per barrel price cap on premium Russian oil products like diesel and a $45 per barrel cap on discounted products like fuel oil, an EU official said on Thursday.

The proposal was sent to EU governments, whose representatives will discuss it at a meeting on Friday afternoon, with a view to a deal before the price cap on imported Russian oil products is to come into force on Feb 5th, in line with an agreement by G7 countries.

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