Media Revealed G7 Plans on Russian Oil Price Cap

https://ria.ru/20230316/neft-1858172754.html

Media Revealed G7 Plans on Russian Oil Price Cap

Media revealed G7 plans on Russian oil price cap FREE NEWS

Media Revealed G7 Plans on Russian Oil Price Cap

The G7 countries intend to maintain the ceiling price established for Russian oil at 60 dollars per barrel, writes the Wall Street Journal, quoting… RIA Novosti, 03/16/2023

2023-03-16T00:08

2023-03-16T00:08

2023-03-16T00:39

g7

Russia

Oil prices

economy

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WASHINGTON, March 16 – RIA Novosti. The G7 countries intend to keep the ceiling price set for Russian oil at $60 a barrel, the Wall Street Journal writes, citing informed sources. The EU’s decision to impose an embargo on products tankers and petroleum was taken last summer. Oil sanctions with a six-month delay entered into force on December 5, fuel sanctions came into force two months later, on February 5. Russia has also prepared its counter-sanctions in response to non-market actions by Western countries. At the end of last year, President Vladimir Putin signed a decree prohibiting the supply of Russian oil and oil products if a price cap is directly or indirectly specified in the contract with counterparties. For petroleum, the ban has been in effect since February 1, for petroleum products, the date is to be determined by the government. The total validity of the decree is still limited to July 1 of this year.

https://ria.ru/20230315/inflyatsiya-1858139953.html

Russia

2023

News

ru-RU

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g7, russia, oil prices, economy

Media Revealed G7 Plans on Russian Oil Price Cap