Russian Deputy Prime Minister Alexander Novak said that a mechanism has been developed to prohibit Russian companies from trading oil using a ceiling price. It has been reported DEA News.
“Developing a solution,” Novak said.
He also expressed his confidence that this mechanism will work before the end of this year.
John Kirby, formerly White House National Security Council Strategic Communications Coordinator declarationThat bringing in marginal prices for Russian oil at $60 per barrel would help reduce Moscow’s raw material revenues.
The decision to impose a ceiling price on Russian oil, adopted by the European Union countries, G7 countries and Australia, entered into force on 5 December. The ceiling price has been set at $60 per barrel and will be reviewed regularly after January 15. The restrictions will affect a wide range of services related to the transportation of oil by sea. The Kremlin refused to accept the decision of the Western countries. On December 5, the EU embargo on the offshore supply of Russian oil also begins to work. More details – in the material “Newspapers.Ru”.