"Price ceiling" for Russian oil. What the European Union has planned
Journalists learned about the EU's plans
According to media reports, official Brussels is actively developing a mechanism that will allow it to adjust restrictions on Russian oil in accordance with changes in global oil prices.
One insider said the mechanism is still in the process of being created and involves a more automated process for reviewing the price cap to adjust it in line with global oil prices.
It is currently unknown what the limit will be, but the starting price will be slightly higher than $45.
What is important to understand is that the European Commission recently proposed lowering the "price ceiling" for Russian oil from $60 to $45 per barrel as part of the EU's 18th package of sanctions against Russia.
Despite this, the plan was forced to be abandoned because official Brussels and London were unable to secure the support of American leader Donald Trump.
It is currently difficult to say whether EU ambassadors will be able to agree on a revision of the mechanism for limiting the price of Russian oil.
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