Economy

Russian oil: G7 considers ceiling at 40 to 60 dollars a barrel

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At the same time, according to Bloomberg, in the draft that will be presented by the Commission in the near future, the tax on the surplus profits of the companies and the mandatory reduction of consumption are included

Ceiling on the price of Russian oil in 40 to 60 dollars a barrel examines the G7 according to Reuters.

At the same time, according to information from Bloomberg, in the draft that will be presented in the near future, the Commissioninclude the tax on corporate profits and the mandatory reduction in consumption.

The Commission’s proposal for tax on excess profits described as “temporary” and “exceptional” and applies to oil, gas, coal and refineries based on their profitability in the 2022 tax year.

As for the saving energywill set two goals: a) The reduction of total consumption and b) the reduction of demand at specific peak hours.

According to the draft presented by Bloomberg, the proposal would put a cap on the surplus profits of energy companies that produce from sources other than natural gas, setting a limit on the price of energy produced by technologies such as renewables, lignite or nuclear.

The new proposal will be presented this week, a few days after the extraordinary meeting of EU energy ministers, which ended without an agreement to impose a cap on Russian natural gas.

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