The G7 countries and members of the European Union agreed to introduce two price ceilings for oil products from the Russian Federation.

 This was reported by the press service of the US Treasury.

 It is assumed that one limit will be set for products traded at a premium to oil (diesel fuel, gasoline), the second - for products traded at a discount to oil (fuel oil).

 Agreements on the double price ceiling were reached by the G7 countries, as well as the members of the European Union and Australia. The decision regarding the price ceiling for oil products was agreed upon during a virtual meeting of deputy finance ministers.

 "Deputies of the ministers recognized that limiting the price of Russian oil today allows achieving a double goal - to limit the income of the Russian Federation from the export of oil and to stabilize the world supply of energy carriers," the press service said.

 It is also reported that the countries intend to review the level of the oil price ceiling in March, which should help correct the dynamic situation on the world oil market.

 Earlier it was reported that Dmytro Kuleba called on Western countries to reconsider the price of Russian oil. Currently, the market price of Urals oil is below $50 per barrel.

 We will remind you that the price ceiling for Russian oil costs the Kremlin 172 million dollars a day. The lost profit will increase to 280 million dollars per day, when from February 5 the restriction will be extended to petroleum products.