On Saturday, the Council of the EU decided to establish two ceiling prices for oil products originating from or exported from Russia.

 This is stated in the message of the Council of the EU.

 The first ceiling for the price of petroleum products sold at a discount to crude oil is set at $45 per barrel, and the second ceiling for the price of petroleum products sold at a premium to crude oil is set at $100 per barrel.

 The price cap level was set in close cooperation with the Price Cap Coalition and will take effect on February 5, 2023. A transition period of 55 days is provided for vessels carrying Russian petroleum products that were purchased and loaded onto the vessel by February 5, 2023 and unloaded by April 1, 2023.

 In addition, the EU Council will return to the review of the crude oil ceiling price mechanism from mid-March, and this review will take place on a regular basis every two months.

 "In the face of Russia's aggressive war, the EU resolutely supports Ukraine and its people and remains unwavering in its support for the independence, sovereignty and territorial integrity of Ukraine within its internationally recognized borders, as well as Ukraine's inalienable right to self-defense against Russian aggression," the statement said. messages

 Earlier on Friday, the Swedish Presidency of the Council of the EU reported that the permanent representatives of the EU countries agreed on a price ceiling for Russian oil products.

 In turn, the president of the European Commission, Ursula von der Leyen, said that the EU and the G7 are introducing a price ceiling for Russian oil products.