The G7 countries support the EU setting a ceiling price for the export of Russian diesel fuel at a level of $100 to $110 per barrel, Bloomberg writes citing a G7 official.. It is indicated that the setting of such a price by the United States and its allies is trying to avoid serious disruptions in the market..

The publication noted that it is likely that the G7 will still prefer a higher price due to concerns that too low a level creates the risk of a price spike or disruption in the supply of diesel to Europe.. However, the G7 may agree to $100 per barrel..

It is indicated that discussions are ongoing. But the parties are optimistic about reaching an agreement before the EU import ban takes effect.. The latter should come into effect on February 5.

According to a G7 spokesman, Russian diesel fuel has recently been sold at prices ranging from $115 to $120 per barrel..

The European Union, discussing the price level in the coming days, must reach a consensus to set a limit.

The mechanism will function by prohibiting EU companies from providing insurance and financial services for the transportation of Russian fuel, unless it is sold below the upper price level.. It has two goals: to limit Russia's revenues and not to disrupt global energy markets..

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Earlier it was reported that US Deputy Secretary of the Treasury Wally Adeyomo announced the revision in March 2023 of the " This will allow the coalition to take into account changes in world markets..