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The agency quoted the paper in a statement and stated that "the bloc advocated adding a 45-day transition time to the introduction of the cap."
The time will be in effect for oil loaded up until December 5, when a price cap is anticipated to be announced, and unloaded up until January 19.
The EU also suggested a 90-day transition time, as mentioned in the text, in case the price cap for oil from the Russian Federation changes.
source: bloomberg.com
The time will be in effect for oil loaded up until December 5, when a price cap is anticipated to be announced, and unloaded up until January 19.
The EU also suggested a 90-day transition time, as mentioned in the text, in case the price cap for oil from the Russian Federation changes.
source: bloomberg.com
