https://sputnikglobe.com/20221204/germany-expects-partners-to-join-price-cap-on-russian-oil-says-german-foreign-minister-1105036828.html
Germany Expects Partners to Join Price Cap on Russian Oil, Says German Foreign Minister
Germany Expects Partners to Join Price Cap on Russian Oil, Says German Foreign Minister
Sputnik International
MOSCOW (Sputnik) - Germany hopes that its international partners will comply with the price cap imposed on Russian oil without formally being a part of it... 04.12.2022, Sputnik International
2022-12-04T20:36+0000
2022-12-04T20:36+0000
2023-05-13T18:36+0000
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Baerbock will pay an official visit to New Delhi from December 5-6 to hold talks with her Indian counterpart, Subrahmanyam Jaishankar. The ministers will discuss bilateral, as well as regional and global issues of mutual concern.When asked if she plans to touch upon India's growing imports of Russian oil during her upcoming meeting with Jaishankar, Baerbock said that Germany is aware that "many states have different economic constraints," but strongly encourages its partners to join sanctions against Moscow.On Friday, the European Union reached an agreement on setting a price cap on Russian oil at $60 per barrel. The cap will be reviewed every two months to remain at 5% below International Energy Agency benchmark. The G7 nations and Australia also agreed that same day to set a $60 price ceiling on oil from Russia.
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Germany Expects Partners to Join Price Cap on Russian Oil, Says German Foreign Minister
20:36 GMT 04.12.2022 (Updated: 18:36 GMT 13.05.2023) MOSCOW (Sputnik) - Germany hopes that its international partners will comply with the price cap imposed on Russian oil without formally being a part of it, German Foreign Minister Annalena Baerbock said on Sunday, ahead of her visit to India's capital.
Baerbock will pay an official visit to New Delhi from December 5-6 to hold talks with her Indian counterpart, Subrahmanyam Jaishankar. The ministers will discuss bilateral, as well as regional and global issues of mutual concern.
When asked if she plans to touch upon India's growing imports of Russian oil during her upcoming meeting with Jaishankar, Baerbock said that Germany is aware that "many states have different economic constraints," but strongly encourages its partners to join sanctions against Moscow.
"[Price cap on Russian oil] aims to avoid supply shortages and rising prices for states depending on Russia's oil. Partners can support without formally adhering to it: by purchasing oil below the set cap," Baerbock argued.
On Friday, the European Union reached an agreement on setting a price cap on Russian oil at $60 per barrel. The cap will be reviewed every two months to remain at 5% below International Energy Agency benchmark. The G7 nations and Australia also agreed that same day to set a $60 price ceiling on oil from Russia.
