business

Oil prices. Putin has a plan. He’s preparing another decree

Oil prices.  Putin has a plan.  He’s preparing another decree

Oil prices. Putin has a plan. He’s preparing another decree

The decree prohibits contacts with both companies and countries that will join the price cap mechanism. This would in principle prohibit any reference to a price cap in contracts for Russian oil and its products, and would prohibit shipments destined for countries that have adopted restrictions, the agency said, citing sources.

The European Union is fighting for an agreement on how strict the price cap should be. Diplomats suspended talks Friday on a proposal to cap prices to around $65. per barrel, which is above the current price of Russian export oil. Disagreements over price levels persisted, and talks were postponed until Monday. As reported by The Wall Street Journal, Poland was in favor of a much lower amount – about $20.

#Oil #prices #Putin #plan #Hes #preparing #decree

Related Articles

Back to top button