White House welcomes EU progress on Russia’s oil price ceiling

© Reuters. FILE PHOTO: White House National Security Council Strategic Communications Coordinator John Kirby speaks during a press conference at the White House in Washington, U.S., November 28, 2022. REUTERS/Kevin Lamarque

NEW YORK (Reuters) – The White House on Friday welcomed news that the European Union is “together” setting a price ceiling of $60 per barrel for Russian seaborne oil, and said the deal This agreement will help limit Russian revenue.

“We still believe… that imposing a price ceiling will help limit Mr. Putin’s ability to profit from the oil market so that he can continue to finance the war machine that continues to kill Ukrainians. innocent,” national security spokesman John Kirby (NYSE: ) told reporters.


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