EU mulls $100 price cap for Russia diesel exports
Business Standard|January 28, 2023
A lower $45 threshold would be set for discounted products like fuel oil
EU mulls $100 price cap for Russia diesel exports

The European Union is floating a plan to cap the price of Russian diesel at $100 a barrel - a level that might help to stave off the very worst effects of a fuel-imports ban that the bloc will impose on Moscow in 10 days' time.

The EU's executive arm is considering cap levels after the G-7 nations offered a price range based in part on the existing cap on Russian crude oil. The thresholds are expected to apply from February 5, the same date as the EU will ban almost all imports of refined Russian products as punishment for the nation's invasion of Ukraine.

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