Price cap range for Russian diesel agreed – Bloomberg ...News

Russia Today - Economy
Price cap range for Russian diesel agreed – Bloomberg
source : Russia Today ( News ) () 18
The EU and G7 continue to discuss the exact level, seeking to avoid major disruptions across the global market The Group of Seven has accepted the EU's proposal to set a price ceiling for Russian diesel exports between $100 and $110 a barrel, Bloomberg reported on Friday citing a G-7 official. The European Commission has reportedly proposed a cap level of $100 per barrel, while G7 nations want the limit to be set slightly higher, citing concerns that a lower ceiling could send prices for the fuel soaring and provoke disruptions in the EU. Negotiations on the issue are ongoing with both the EU and G7 anticipating a

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