The EU has not agreed on the price limit for oil from the Russian Federation: Poland gives a maximum of $ 30 per barrel - the media

The Big Seven offers to set a price limit of $ 65-70 per barrel. Some of the countries believe that this is not enough - Russia will still earn extra profits, because the cost of production of one barrel does not exceed $ 20. The EU authorities could not agree on the marginal limitation of prices for Russian oil transported by the sea, according to the scheme of the "Great Seven" countries. The negotiations will continue on November 24 or 25, the Eurovodates said in a comment to the Reuters agency.

Representatives of 27 EU countries met in Brussels on November 23 to discuss the G7 proposal to set a price limit for oil from the Russian Federation of $ 65-70 per barrel. These figures were too low for one and high for others, sources say. "There are differences regarding the level of the marginal price, it is necessary to act on a bilateral basis," the diplomat commented.

Poland, Lithuania and Estonia believe that the price of $ 65-70 per barrel will allow Russia to earn too high income, since the cost of oil production is about $ 20 per barrel. Cyprus, Greece and Malta, which receive revenues from navigation, will lose more than others if Russian oil tankers stop transporting oil. They require compensation for loss of business income or more for adaptation, Reuters writes. "Poland says it cannot rise above $ 30 per barrel. Cyprus needs compensation.

Greece takes more time," the second diplomat explained. Most EU countries, led by G7 members of France and Germany, according to interlocutors, support price limits, but worry about ensuring their observance. About 70-85% of crude oil from Russia are delivered by tankers, not pipelines, Reuters notes. The idea of ​​a price limit is to prohibit navigable and insurance companies to process goods with Russian oil around the world, if it is sold at a price exceeding the G7 and its allies.

Since the major navigable and insurance companies of the world are in the countries of the Great Seven, the price limit will affect the sale of Russian oil. The cost of production is estimated at about $ 20 per barrel, so the price restriction will still allow Russia to sell oil and thus prevent a shortage of supply shortage in the world market. According to Reuters, the Russian oil brands are trading about $ 68 per barrel.

The Big Seven includes the United States, the United Kingdom, Germany, Italy, Canada, France and Japan. Countries should set prices for Russian oil exports by the sea on December 5. Recall that China stopped buying oil in the Russian Federation, waiting for a better supply and decisions about the price limit. Russia threatened to stop gas sales to countries that introduce oil limits.