After the introduction of oil sanctions by Western countries, Russia will use new insurance schemes for the supply of raw materials. The country has already started working with smaller traders, opens Words of Deputy Prime Minister Alexander Novak RIA Novosti.
“More difficult conditions are coming. Despite this, we continue to sell oil and we will continue to do so. Here, of course, new tools, new insurance mechanisms, inter-company interactions and transportation were used. Major players in the market, like traders, are changing. As you know, the big traders left, there are more traders today than before, including the sale of Russian oil,” Novak said.
But according to him, new restrictions on the supply of oil, including the introduction of marginal prices for raw materials and the ban on its supply by sea to the European Union, will not affect the sale of Russian products. In the foreseeable future, oil exports will continue to be in demand.
December 6 international business newspaper The Financial Times reported About the difficulties in the passage of about 20 oil tankers through the Bosphorus and Dardanelles after Western countries imposed border prices of $ 60 per barrel for Russian raw materials. Turkish authorities require shipowners to confirm full insurance coverage.