Poland will oppose a European Commission proposal to impose a price cap of USD 65 on a barrel of Russian oil as it believes that the proposed level is too high, according to a PAP source.
Mateusz Morawiecki, Poland's prime minister, has said that all Russian oil should be banned as part of sanctions aimed at reducing Moscow's revenues from oil exports so that it has less money to finance its invasion of Ukraine.
Poland has blocked a European Commission proposal to cap the Russian oil price at USD 65 per barrel, EU diplomatic sources in Brussels have told PAP.
Shareholders of the country's natural gas monopolist PGNiG, at Monday's extraordinary general meeting (EGM), voted in favor of the planned merger with Poland's leading oil and gas company PKN Orlen.
The Polish government, at its Monday sitting, approved the merger of Poland's leading oil and gas company PKN Orlen with the country's natural gas monopolist PGNiG, the government spokesperson said.
Polish oil and gas company PGNiG and Norwegian oil exploration firm Aker BP have discovered new reserves of oil and gas in the Norwegian Sea, PGNiG announced on Friday.
The government will take steps to see that gas and electricity prices do not rise as much as predicted by Poland's power regulator URE and energy operators, the government spokesperson informed on Wednesday.
The foreign ministers of Lithuania, Poland and Ukraine have appealed for the imposition if restrictions against countries that help Russia circumvent Western sanctions for invading Ukraine.
Poland has been garnering support among EU member states to impose a duty on Russian oil delivered through pipelines, as part of a new package of sanctions.
The Polish government’s spokesman has described as “concerning” Hungary's apparent opposition to the latest package of EU sanctions on Russia, which include oil imports.
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