Bloomberg learned the timing of the G7 decision on the marginal prices for Russian oil

Price ceiling may be proposed by the US administrationahead of the meeting of the EU ambassadors on 23 November and, subject to agreement, announced on the same day,writes BLOOMBERG

The G7 countries (usa, CANADA, UK, France, Germany, Italy and Japan) intend to announce the maximum price level for Russian oil next week, Bloomberg writes citing sources.

The level of the price ceiling will be privately announced by the US administration to the countries of the European Union on the eve of the meeting of EU ambassadors, which is scheduled for November 23. If they approve it, the official announcement will follow later that evening, the agency's sources say, noting that the timeline remains fluid.

REUTERS learned about the fears of insurers due to the oil price ceiling Economy

In addition, an unnamed government official familiar with the talks told the news agency that it was not certain when the EU would be able to finalize any level of oil price caps.

Western countries have previously discussed setting a price ceiling between $40 and $60 per barrel, but two agency interlocutors say the ceiling could be higher.

The US Treasury declined to comment, the EU authorities did not provide a prompt response to the agency's request.

The G7 countries agreed to impose a ceiling on prices for oil and oil products from RUSSIA in September, explaining this as a desire to reduce Moscow's revenues and mitigate the impact of military operations in Ukraine on world energy prices. In early November, Reuters wrote that the G7 countries and Australia had agreed that the price would be fixed and would be revised "as needed".

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Russian President Vladimir Putin , commenting on the discussion of the price ceiling, said that Russia would not supply energy to countries whose authorities make political decisions that contradict the terms of the contracts.