The European Union is discussing a proposal to lower the price cap on Russian oil from the current $60 per barrel to about $50 — 15% below the market price calculated based on a 10-week average. According to Bloomberg, the new mechanism will be automatically reassessed every three months.
It is reported that the plan is part of the 18th round of sanctions, but currently Slovakia opposes it. Previously, Greece, Malta, and Cyprus expressed doubts, but now they are prepared to discuss the idea — especially if G7 countries support it. No final decision has been made yet.
Original article: https://www.toutiao.com/article/1837411591505932/
Statement: The article represents the views of the author himself.