BREAKING NEWS

The organizing group of the arms business in GĂ«rdec is about to sink, the prosecutors are expected to take the facts from the American Justice in their hands, the order letters in the USA are launched, information will also be obtained about Patrick He...

The organizing group of the arms business in Gërdec is about to sink, the
x
BREAKING NEWS

Daut Gumeni: This is why the socialists and Gentiana Sula blocked the opening of Ilir Metaj's spy file, we expect that the "syringe with sea water" that the DASH senior official injected into SPAK prosecutors will lead to the arrest of "heavyweights"

Daut Gumeni: This is why the socialists and Gentiana Sula blocked the opening of
x
BREAKING NEWS

The scandal erupts, the Parliament of Albania is accused of voting without a quorum on the Law on Strategic Investments, this is how the Constitution was overturned by the majority, the fraud is revealed

The scandal erupts, the Parliament of Albania is accused of voting without a
x
BREAKING NEWS

The dubious wealth of the "sheikh" of the Assembly Laert Duraj who challenges the old "wolves" in politics, apartment 200 thousand euros, 11 bank accounts, staggering profits from rent, 180 thousand euros from property sales, how he justified the milli...

The dubious wealth of the "sheikh" of the Assembly Laert Duraj who
x
BREAKING NEWS

Here are the deals of the SP and Reestablishment, how they are defending the corruption of Klodian Allajbeu and Vilma Nushi, thefts with "Hemodialysis", "Check Up", "Laboratories" and "Sterilization" are proven, arrests are expected from SPAK

Here are the deals of the SP and Reestablishment, how they are defending the
x
BREAKING NEWS

Rama-Berisha set up a commission to destroy SPAK and the Justice Reform, here are the new "non-women" deals with the prime minister to block arrests

Rama-Berisha set up a commission to destroy SPAK and the Justice Reform, here
x
BREAKING NEWS

The Port of Vlora scandal broke, this is how Samir Manes was forgiven 57 thousand square meters of land, 2 ministers were implicated, SPAK takes over the lawsuit against the government mega-oligarch

The Port of Vlora scandal broke, this is how Samir Manes was forgiven 57
x
BREAKING NEWS

The well-known journalist warns of sensational arrests in the coming days, here are some of the "scorching" files that SPAK is investigating and the scheme followed by BKH agents to arrest Jorgo Goro, the acting mayor of Himara was intercepted for 4 mo...

The well-known journalist warns of sensational arrests in the coming days, here
x

Bota

What happened? Europe sets the important deal

What happened? Europe sets the important deal

BRUSSELS (AP) — U.S. Treasury Secretary Janet Yellen said Friday that the Group of Seven industrialized nations are setting a price ceiling on Russian refined oil products as part of a coalition that includes Australia and a tentative deal with the Union. European.

The price ceiling follows similar price caps imposed on Russian oil exports, aimed at reducing the financial resources Russian President Vladimir Putin has to wage the nearly year-long war in Ukraine.

"Today's agreement builds on the price cap on Russian crude exports we set in December and helps advance our goals to limit Russia's main revenue generator in financing its illegal war by promoting markets for sustainable global energy," Ms. Yellen said in a statement.

On Friday, EU governments tentatively agreed to set a price ceiling of $100 a barrel for Russian oil to coincide with an EU embargo on the fuel. Diplomats representing the EU's 27 governments set the cap on diesel fuel, jet fuel and gasoline ahead of its implementation on Sunday. The price ceiling aims to reduce Russia's revenue by allowing its oil to be traded in non-Western countries to avoid a global shortage that would raise prices and inflation.

Details about the border were provided in a statement by the G7 and diplomats from three different EU member states, who agreed to discuss the border on condition of anonymity.

The $100-a-barrel limit applies to Russian gasoline and other fuels that sell for more than the crude oil used to make them. Officials agreed to a $45-a-barrel cap on Russian oil products that sell below the price of crude oil.

The deal follows a similar G7 deal to cap the price of Russian crude oil at $60 a barrel.

Russia has said it will not sell to countries that obey the oil cap, but because its oil sells for less than $60 a barrel, it has continued to sell on the global market. The price cap encourages non-Western customers who have not banned Russian oil to seek discounts, while outright evasion – though possible – carries additional costs.

Ambassadors from the EU's 27 countries tabled the decision, and governments have until early Saturday to respond with a written objection. No changes to the agreement are expected.

If the price cap works properly and Russian oil continues to be sold, fuel prices should not skyrocket, analysts say. Europe could get alternative oil supplies from the US, India and the Middle East, while Russia could look for new customers outside Europe.

However, the impact of the border will be unpredictable as shippers re-route fuel flows to new destinations and longer sea voyages could strain tanker capacity.

Oil sales are the mainstay of Russia's budget, but European governments were previously reluctant to end their purchases because the economy was so dependent on Russian natural gas, oil and gasoline. Since the beginning of the war in Ukraine, this has changed./VOA

 

Most read