Trump opposed lowering the price of Russian oil

At a time when negotiations within the G7 countries on lowering the price cap set for Russian oil have reached a critical stage, the United States is opposing this proposal. According to reliable sources of Bloomberg agency, officials in Washington are concerned about the economic and geopolitical consequences of this measure.

According to reports, US President Donald Trump has not yet made a final decision, and negotiations are ongoing. However, the White House has expressed strong objections to the proposal to lower the established cap for Russian oil from $60 to $45.

The G7 group imposed a price cap on Russian oil exports at the end of 2022. This decision was made to hit the Kremlin’s budget, restrict the financing of the war in Ukraine, and increase pressure in the global energy market. Now, the European Union is proposing to reduce this cap even further in its next, 18th sanctions package.

The Bloomberg report notes that the United Kingdom and the EU are discussing implementing this decision even without the US. However, if this step is not unanimously approved by all G7 members, its impact and effectiveness will be significantly reduced.

At the same time, the demand for Russian oil has not decreased, and for the stability of the world market, the position of each G7 member state is of great importance. The current approach of the Trump administration to this issue once again shows the difference in economic and geopolitical views between the US and Europe. Read 'Zamin' on Telegram!