Home Business Europe will be without Russian oil from this year after price cap...

Europe will be without Russian oil from this year after price cap – Ulyanov News Jani

Europe will be without Russian oil from this year after price cap – Ulyanov

,

Fahad Shabbir


(@FahadShabbir)


MOSCOW (UrduPoint News / Sputnik – December 03, 2022) The European Union will be left without Russian oil this year after imposing a price cap on it, Mikhail Ulyanov, Russia’s permanent representative to international organizations in Vienna, said on Friday.

“Starting this year #Europe will be without Russian #oil. #Moscow has already made it clear that it will supply oil to countries that support anti-market price caps.

Wait a while. Very soon the EU will blame Russia for using oil as a weapon,” Ulyanov tweeted.

On Friday, the European Union reached an agreement on setting a price cap on Russian oil at $60 a barrel. The settlement reportedly provides a review mechanism to keep the price cap at 5% below market value. The G7 countries and Australia also agreed to cap the price of oil from Russia at $60, which will come into effect from 5 December.

RELATED ARTICLES
Honda has increased the prices of motorcycles by Rs 30,000. , Motorcycle giant Honda has once again increased the prices of its motorbikes by up...
Telangana records highest inflation in FY23: Economic Survey , Hyderabad: Telangana has the highest inflation rate in the country, revealed the Economic Survey 2022-23...
Power Grid Corporation of India approved payment of second interim dividend of Rs 5 per share. , According to a regulatory...
Inflation is expected to be 26% in January , Islamabad: (Web Desk) The Finance Ministry has expected the inflation rate to be 26...
Nepra has approved a negative adjustment of Rs 10.80 per unit for K Electric. , Nepra has approved a negative adjustment of Rs 10.80 per...
A rare relief after Nepra cuts electricity prices by Rs 2 31 paise per unit , ...

Most Popular

Man who built tiny 'eco-home' in his back garden saves £600 a month on bills , Chris Marsh has been living in tiny houses on...
TTP attack on Mianwali police station Makadwal; Punjab Police foiled the attack , The banned Tehreek-e-Taliban Punjab attacked the Makardarwal police station in...
Which is why Gatland has chosen so many of Wales' old guard against Ireland and has no semblance of a, go-to approach. , Gatland has...
Uma Bharti | Madhushalas to be converted into gaushalas in Madhya Pradesh, Uma Bharti announced. , ...
Pfizer eyes big drop in Covid-related revenue in 2023 - Business & Finance , New York: After two consecutive years of rising sales due to...
Terrorist attack on Mianwali police station Makadwal , Punjab Police foiled terrorist attack on Mianwali police station Makadwal. According to the police spokesperson, the terrorists were...
JNU renews contract with campus security firm despite controversy , New Delhi: Jawaharlal Nehru University (JNU) on Tuesday said it has renewed the contract...
US Secretary of State meeting with Palestinian President Mahmoud Abbas , The US secretary of state met with Palestinian President Mahmoud Abbas, who blamed Israel...