Setting a cap on the price of Russian oil procured from the sea of $60 per barrel is a risky strategy with uncertain outcome. such an opinion expression Laurent Lambert, Professor of Energy Policy and Diplomacy at DIGS Doha Graduate Students Institute, in conversation with RIA Novosti.
“It is very difficult to understand how this decision will actually affect the situation. “It’s supposed to have a negative impact on the Russian economy, but we don’t know how the international oil market will react to it,” Lambert said.
The reaction of Russia’s allies, especially India, which buys large quantities of Russian oil at discounted prices, is also incomprehensible, according to the professor.
The previous day at the European Commission (EC) reportedThe G7 countries (England, Germany, Italy, Canada, France, Japan and the USA) and Australia have agreed to a ceiling of $60 per barrel for Russian oil supplied by sea from 5 December.
On December 4, Deputy Prime Minister Alexander Novak knowledgeableThat Russia would not sell oil under price ceiling conditions, even if the country had to cut production for this.
Reuters at the end of last month WroteIn November 2022, India accounted for 40% of all Russian oil overseas shipments in November.