The US does not support the proposal to reduce the marginal price of Russian oil, which is discussed on the eve of the Great Seven summit (G7). This was reported on June 14 by Bloomberg with reference to anonymous sources close to negotiations.
Washington's decision actually makes it impossible to adoption a common position of G7 countries on further restriction of Russian oil revenues. According to the publication, the current US position, which reflects the Donald Trump course, is in accordance with the previously announced positions at ministerial meetings and does not provide for concessions. At the same time, the sources note that the hopes of changing the position are still remaining.
The European Union and the United Kingdom are to reduce the marginal price for Russian oil from $ 60 to $ 45 a barrel. They consider it an effective mechanism of pressure on Russia's oil income is a key source of funding for war against Ukraine. The decline of the ceiling is also included in the new, 18th package of EU sanctions, which work on.
If the G7 consent is not possible, Brussels and London can make this decision autonomously. Given that the major volume of Russian oil is supplied by the sea to European markets, such a step, although less effective without the US, can still have a limited economic effect.
Reducing the marginal price has become especially relevant after a recent jump in oil prices. the West Texas Intermediate Futures Futures increased by over 7%, reaching $ 73 per barrel. This is the most daily growth since March 2022 - and it occurs against the background of the West's attempts to curb Russia's financial flows.
However, experts emphasize that the effective functioning of the price ceiling for oil requires coordination by all G7 countries, including the United States. The American financial supervision and control system of insurance and logistics services is a key element in the implementation of sanction pressure.
