diff --git a/include/block/block-copy.h b/include/block/block-copy.h
index 22372aa375..b5a53ad59e 100644
--- a/include/block/block-copy.h
+++ b/include/block/block-copy.h
@@ -41,7 +41,7 @@ int64_t block_copy_reset_unallocated(BlockCopyState *s,
                                      int64_t offset, int64_t *count);
 
 int coroutine_fn block_copy(BlockCopyState *s, int64_t offset, int64_t bytes,
-                            bool *error_is_read);
+                            bool ignore_ratelimit, bool *error_is_read);
 
 /*
  * Run block-copy in a coroutine, create corresponding BlockCopyCallState
@@ -76,6 +76,9 @@ bool block_copy_call_succeeded(BlockCopyCallState *call_state);
 bool block_copy_call_failed(BlockCopyCallState *call_state);
 int block_copy_call_status(BlockCopyCallState *call_state, bool *error_is_read);
 
+void block_copy_set_speed(BlockCopyState *s, uint64_t speed);
+void block_copy_kick(BlockCopyCallState *call_state);
+
 BdrvDirtyBitmap *block_copy_dirty_bitmap(BlockCopyState *s);
 void block_copy_set_skip_unallocated(BlockCopyState *s, bool skip);
 
diff --git a/block/backup-top.c b/block/backup-top.c
index 789acf6965..779956ddc2 100644
--- a/block/backup-top.c
+++ b/block/backup-top.c
@@ -61,7 +61,7 @@ static coroutine_fn int backup_top_cbw(BlockDriverState *bs, uint64_t offset,
     off = QEMU_ALIGN_DOWN(offset, s->cluster_size);
     end = QEMU_ALIGN_UP(offset + bytes, s->cluster_size);
 
-    return block_copy(s->bcs, off, end - off, NULL);
+    return block_copy(s->bcs, off, end - off, true, NULL);
 }
 
 static int coroutine_fn backup_top_co_pdiscard(BlockDriverState *bs,
diff --git a/block/backup.c b/block/backup.c
index 4b07e9115d..09ff5a92ef 100644
--- a/block/backup.c
+++ b/block/backup.c
@@ -72,7 +72,7 @@ static int coroutine_fn backup_do_cow(BackupBlockJob *job,
 
     trace_backup_do_cow_enter(job, start, offset, bytes);
 
-    ret = block_copy(job->bcs, start, end - start, error_is_read);
+    ret = block_copy(job->bcs, start, end - start, true, error_is_read);
 
     trace_backup_do_cow_return(job, offset, bytes, ret);
 
diff --git a/block/block-copy.c b/block/block-copy.c
index 6bf1735b93..fa27450b14 100644
--- a/block/block-copy.c
+++ b/block/block-copy.c
@@ -26,6 +26,7 @@
 #define BLOCK_COPY_MAX_BUFFER (1 * MiB)
 #define BLOCK_COPY_MAX_MEM (128 * MiB)
 #define BLOCK_COPY_MAX_WORKERS 64
+#define BLOCK_COPY_SLICE_TIME 100000000ULL /* ns */
 
 static coroutine_fn int block_copy_task_entry(AioTask *task);
 
@@ -36,6 +37,7 @@ typedef struct BlockCopyCallState {
     int64_t bytes;
     int max_workers;
     int64_t max_chunk;
+    bool ignore_ratelimit;
     BlockCopyAsyncCallbackFunc cb;
     void *cb_opaque;
 
@@ -48,6 +50,7 @@ typedef struct BlockCopyCallState {
     /* State */
     int ret;
     bool finished;
+    QemuCoSleepState *sleep_state;
 
     /* OUT parameters */
     bool error_is_read;
@@ -111,6 +114,9 @@ typedef struct BlockCopyState {
     void *progress_opaque;
 
     SharedResource *mem;
+
+    uint64_t speed;
+    RateLimit rate_limit;
 } BlockCopyState;
 
 static BlockCopyTask *find_conflicting_task(BlockCopyState *s,
@@ -623,6 +629,21 @@ block_copy_dirty_clusters(BlockCopyCallState *call_state)
         }
         task->zeroes = ret & BDRV_BLOCK_ZERO;
 
+        if (s->speed) {
+            if (!call_state->ignore_ratelimit) {
+                uint64_t ns = ratelimit_calculate_delay(&s->rate_limit, 0);
+                if (ns > 0) {
+                    block_copy_task_end(task, -EAGAIN);
+                    g_free(task);
+                    qemu_co_sleep_ns_wakeable(QEMU_CLOCK_REALTIME, ns,
+                                              &call_state->sleep_state);
+                    continue;
+                }
+            }
+
+            ratelimit_calculate_delay(&s->rate_limit, task->bytes);
+        }
+
         trace_block_copy_process(s, task->offset);
 
         co_get_from_shres(s->mem, task->bytes);
@@ -661,6 +682,13 @@ out:
     return ret < 0 ? ret : found_dirty;
 }
 
+void block_copy_kick(BlockCopyCallState *call_state)
+{
+    if (call_state->sleep_state) {
+        qemu_co_sleep_wake(call_state->sleep_state);
+    }
+}
+
 /*
  * block_copy_common
  *
@@ -707,12 +735,13 @@ static int coroutine_fn block_copy_common(BlockCopyCallState *call_state)
 }
 
 int coroutine_fn block_copy(BlockCopyState *s, int64_t start, int64_t bytes,
-                            bool *error_is_read)
+                            bool ignore_ratelimit, bool *error_is_read)
 {
     BlockCopyCallState call_state = {
         .s = s,
         .offset = start,
         .bytes = bytes,
+        .ignore_ratelimit = ignore_ratelimit,
         .max_workers = BLOCK_COPY_MAX_WORKERS,
     };
 
@@ -798,3 +827,18 @@ void block_copy_set_skip_unallocated(BlockCopyState *s, bool skip)
 {
     s->skip_unallocated = skip;
 }
+
+void block_copy_set_speed(BlockCopyState *s, uint64_t speed)
+{
+    s->speed = speed;
+    if (speed > 0) {
+        ratelimit_set_speed(&s->rate_limit, speed, BLOCK_COPY_SLICE_TIME);
+    }
+
+    /*
+     * Note: it's good to kick all call states from here, but it should be done
+     * only from a coroutine, to not crash if s->calls list changed while
+     * entering one call. So for now, the only user of this function kicks its
+     * only one call_state by hand.
+     */
+}
