MOSCOW, 5 Oct – PRIME. The European Union may make exceptions to the introduction of a price ceiling for Russian oil not only for Hungary, but also for the Czech Republic, Slovakia and Bulgaria, Igor Galaktionov, an expert at BCS World Investments, believes.
“In addition to Hungary, Slovakia and the Czech Republic buy most of the imported oil from Russia through a pipeline. They will probably receive similar exemptions,” he told RIA Novosti.
As for Bulgaria, the country recently received an oil embargo reprieve and is heavily dependent on Russian fuel, the analyst said.
Galaktionov doubted that limiting oil prices could be effective, and stressed that this idea did not receive the support of all EU countries.
“At the same time, problems with the availability of raw materials around the world form a “seller’s market”, in which it is very difficult for the buyer to dictate his will to suppliers,” the expert said.
Earlier, the permanent representatives of the EU countries agreed on a new package of sanctions against Russia. The restrictions imply, among other things, a ban on the transportation of Russian oil to third countries at prices exceeding the established limit.