The Russian embassy in the United States has announced what the consequences of a ceiling on oil prices will be. It has been reported DEA News.
“The result of such steps will be a widespread increase in uncertainty and higher costs for raw material consumers. Moreover, no country is now exempt from imposing a ceiling on exports for political reasons.”
Diplomats are confident that, despite such restrictions, Russian oil will remain in demand in the world.
It was learned that the G7 countries and Australia were on the eve. accept A ceiling price of $60 per barrel for Russian oil.
US Treasury Secretary Janet Yellen statedA ceiling on oil prices in Russia will allow cheaper oil to flow from Russia to global markets.
Also The Economist WroteThat imposing a ceiling price for Russian oil will cause its deficit and a sharp rise in prices.
Former President of the Russian Federation Vladimir Putin declarationRussia will not supply energy to countries that limit oil prices.
Source: Gazeta

Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.