EU uses veto on Russian oil and G7 | The ceiling was agreed with Europe | T.W.

The European Union imposed a ban on Russian oil imports by ship starting this Monday (5.12.2022), and the ban on transporting Moscow crude oil to third countries where it is sold above 60 dollars per barrel. G7 Powers.

Agreed by heads of state and government at a summit in May, the member states’ veto on buying Russian oil makes an exception for Hungary, which can supply itself with oil that reaches it by gas pipeline. A small letter asked by Prime Minister Viktor Orbán in this negotiation.

In total, the European embargo affects 90% of all oil Russia sold before the war to social partners, which since March have seen the Kremlin redouble its efforts to cut fossil fuels as much as possible.

In addition, the European Commission stressed that the price per barrel ceiling agreed with the G7 this weekend “will in no way affect the ban on imports of Russian crude oil or petroleum products into the EU” or “exceptions and”. Admittedly, the defamatory specifications”.

On the proposal of US Treasury Secretary Janet Yellen, it took several meetings of ambassadors to the EU to loosen the ceiling on Russian crude oil prices at the European level, which has been pursued for months by the G7 and other international partners such as Australia. .

CP (efe, afp)