The European Union reached an agreement to limit the supply of Russian oil

This Friday, the governments of the EU countries reached an agreement on setting price limits for Russian oil, the Swedish Presidency of the EU Council reported on Twitter.

“EU ambassadors approved this Friday a ceiling price for ‘Russian’ oil products ahead of final approval by the European Council,” Swedish officials tweeted. They added that it was “an important agreement that is part of the ongoing response of the European Union and its partners to Russia’s war of aggression against Ukraine.”

The Swedish Presidency did not specify the maximum price limits contained in the agreement. Additional information is expected late Friday evening, AFP reported.

The maximum limit does not affect purchases by the community bloc, which is banning all imports of petroleum products from Russia from this Sunday, Efe explained, but it bans European operators from transporting and securing these products if they are sold at a higher price. set maximum limit.

“We must continue to deny Russia funds to finance its war against Ukraine. The EU ban on the import of petroleum products comes into force on Sunday. With the G7, we are limiting the prices of these products, reducing Russia’s revenues and ensuring the stability of global energy markets, European Commission President Ursula von der Leyen tweeted.

A European embargo on Russian oil products “will further unbalance international energy markets,” Russian presidential spokesman Dmitry Peskov warned on Friday, assuring Moscow was “taking steps” to protect its interests.

Following the US and Canada, the EU has banned almost all deliveries of Russian oil transported by sea to its territory since December 5.