BRUSSELS (Reuters) -Six European Union countries on Monday called on the European Commission to lower the $60 per barrel price cap put on Russian oil by G7 countries, arguing it would reduce Moscow's revenues to continue the war in Ukraine while not causing a market shock.

European Commission spokesman Olof Gill said on Monday that the G7 countries will consider lowering the price cap on Russian oil. The Northern EU countries—Sweden, Finland, Denmark, Lithuania, Latvia,

Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia have urged the European Commission to further decrease the $60 per barrel price cap on Russian oil set by the G7, Reuters reported on Jan. 13,

Gazprom is weighing more than 1,500 job cuts at its central office in St. Petersburg as the Russian gas giant grapples with the loss of most of its sales to Europe, state news agency TASS reported on Monday.

Ukrainian transit gas deal to Europe ended on Jan. 1. For now, the most acute effects are being felt in a region called Transnistria, on the eastern edge of Moldova.