The EU wants to agree on prices for Russian oil after Putin's threats - Bloomberg

The EU hopes to negotiate prices for Russian oil in the next weeks. The EU old Union wants to conclude a political agreement over a few weeks to limit Russian oil prices. Bloomberg writes about it with reference to sources. According to the interlocutors of the publication, the initiative received a new impetus after Vladimir Putin has announced a mobilization in the Russian Federation and will probably be presented as part of a new package of sanctions of the European Commission.

Video day at the same time states that this initiative is faced with many obstacles and a positive result is not clear. According to the agency, sanctions decisions require unanimity, and each member of the EU has its energy needs. According to the interlocutors of the publication, representatives of the EU Member States will meet with the European Commission this weekend to discuss new sanctions.

In addition to limiting oil prices, they may include additional sanctions on individuals, as well as technological sector and luxury items. According to the interlocutors, many details still need to be agreed, in particular, at what price to set the limit, but it is still unclear how it is. It also remains unclear how such a limit will be applied along with EU embargo on Russian oil and a ban on the services required for its delivery.

It is noted that price restrictions on Russian oil should be accepted before the embargo - December 5. Representatives of national governments in Brussels will seek to reach a preliminary agreement to limit prices before the informal meeting of EU leaders in Prague on October 6. Hungary is expected to be one of the greatest opponents of new restrictions. According to Bloomberg, the adoption of restriction will require Member States to postpone national interests in favor of European solidarity.