EU imposes cap on Russian oil price

The European Union (EU) imposed a maximum price on Russian oil to limit the resources of the invasion of Ukraine, largely deprived of light and heat by bombing that Russian President Vladimir Putin considers “necessary and inevitable”.

The agreement reached on Friday in Brussels imposes a ceiling of 60 dollars per barrel of oil exported by Russia and will enter into force on Monday together with an embargo of the 27 countries of the bloc on Russian crude.

The measure also applies to policies signed by shipping companies with European insurers, which control most of that market.

The EU thus seeks to limit the income obtained by Russia, the world’s second largest oil exporter, thanks to its exports to countries such as China and India.

The European bloc intends with this arsenal of initiatives, which are added to the embargoes on Russian crude imposed several months ago by the United States and Canada, to reduce the financing of the war in Ukraine.

Russian bombardments in recent weeks have focused on the country’s energy infrastructure, in retaliation for military setbacks suffered by Moscow.

The latest attack took place on November 23rd, leaving millions of Ukrainians without electricity or water, as winter begins to hit hard.

unavoidable bombing

Putin estimated that these bombings have become “necessary and inevitable in the face of the provocative attacks in kyiv,” the Kremlin reported in reporting a telephone conversation between the Russian president and the head of the German government, Olaf Scholz.

According to Putin, kyiv is responsible for the explosions that partially destroyed the Russian bridge in Crimea and therefore Moscow is within its rights to bomb Ukraine’s energy infrastructure.

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Ukrainian authorities warned last Monday that they expected a new wave of Russian bombing.

“A diplomatic solution must be found as quickly as possible, which implies the withdrawal of Russian troops,” Scholz said during the call, according to the German Foreign Ministry.

Putin, who launched his offensive on February 24, has again complained about Western financial and military support for Ukraine, which has allowed kyiv’s forces to inflict humiliating defeats on Russia. Russian forces had to withdraw from the north of the country in April, from a part of the northeast in September and withdrew from a part of the south in November.

The West’s position is “destructive”, since due to Western political, financial and military support, “kyiv rejects the idea of ​​any negotiation,” the Kremlin said.

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