EU agrees $60 cap on Russian oil price after Warsaw endorsement — RT in French

After the green light from Poland, the European Union endorsed an agreement on capping Russian oil prices at $60 per barrel. The Kremlin has warned that it will no longer deliver oil to countries that adopt this cap.

The 27 countries of the European Union have reached an agreement on capping the price of Russian oil at 60 dollars per barrel after the green light given by Warsaw, the representative of Poland announced on December 2 in Brussels. Warsaw, which was demanding a lower price, withdrew its objections and the measure will be made official this weekend, Andrzej Sadoś, Poland’s permanent representative to the European Union, told reporters.

An agreement had been almost tied up two days earlier by the ambassadors of the member countries of the European Union in Brussels, coordinated on this file with their G7 allies, in particular the Americans and the British, as well as Australia.

The envisaged mechanism plans to impose a ceiling of 60 dollars per barrel on the price of Russian oil sold to third countries. Poland was very critical of the effectiveness of the ceiling set, demanding a much lower amount.

The Kremlin, for its part, has already warned that Russia will no longer deliver oil to countries that adopt this cap. The EU has already decided to ban the Twenty-Seven from buying Russian oil by sea from 5 December. This embargo on oil by sea will eliminate two thirds of European purchases of Russian oil.

Germany and Poland having decided on their own to stop their deliveries via an oil pipeline by the end of the year, Russian imports will be affected by more than 90%, say the Europeans.