By Natali Moss
Embargo is a trade and economic restrictions imposed by the state as sanctions against another state. On Thursday, December 1, the European Union set a new price for Russian oil at $ 60 per barrel. The European Commission on Thursday, December 1, appealed to 27 Bloc Member States to approve the ceiling of prices for Russian oil.
This restrictive measure should lead to the fact that Russian oil prices will be much lower than the Brent international standard, which is traded at about $ 88 per barrel on Thursday. At the end of the day, it became known that EU countries have agreed in advance the limit of oil prices from Russia at $ 60. In addition, an additional adjustment mechanism has been developed, which should keep the marginal price for Russian oil at least 5% below the market.
The process was inhibited by Poland, which insisted on the price of about $ 30 per barrel. However, Warsaw later agreed to the price approved by most EU Member States. On Tuesday, December 13, the media reported that in response to this, the Kremlin plan to ban oil sales if: Recall that the European Union countries have compromised on setting a gas price for gas in the amount of 180 euros/mega-hour, which is about 2000 euros for 1 thousand cubic meters of gas.
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