WASHINGTON, Sep 8 – PRIME Washington hopes that China will support the imposition of a “price ceiling” on Russian oil, US Deputy Treasury Secretary Wally Adeyemo said on Thursday.
EU countries will not support “gas price ceiling”, source said
“We hope that India will support and China will also consider this possibility,” he said in an interview with Yahoo Finance.
Adeyemo believes that regardless of whether India and China or other countries support this initiative, “the price ceiling will be an effective measure.”
The leaders of the G7 countries (Great Britain, Germany, Italy, Canada, the USA, France and Japan) at the summit on June 26-28 confirmed their intention to reduce dependence on energy from Russia and tentatively agreed to start limiting prices for Russian oil and gas. At the beginning of July there were proposals to set the limit at half the current price. According to Bloomberg, figures of $40-60 are being discussed.
Deputy Prime Minister of the Russian Federation Alexander Novak said that the idea of limiting oil prices is completely absurd, Russia will not supply oil and oil products to those countries that support it. He added that the introduction of restrictions on Russian oil prices would destroy the market, and other producers also did not respond positively to such an initiative.
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