Tressis hedge fund specialist Daniel Lacalle in an article for publication Age Times He wrote that China would benefit from a higher price for Russian oil.
The expert believes that the restrictions initiated by the G7 countries will not harm Russia. In addition, countries that buy crude oil will be able to purchase raw materials at affordable prices. In particular, as Lacalle pointed out, China will be able to buy even more Russian oil at a good discount.
“If the G7 really wanted to harm Russia’s finances and exports, investment in alternative and more competitive energy sources should have been encouraged,” Lacalle says.
However, according to him, the opposite process is taking place: G7 countries continue to create barriers to energy investments.
Kyle Szostak, former director of the American investment firm Navigator Principal Investors declarationIt was stated that due to the restrictions on the price of oil, especially the Brent brand, the prices could go up to 150 dollars per barrel.
The decision to impose a ceiling price on Russian oil, taken by the European Union countries, G7 countries and Australia, entered into force on 5 December. The price ceiling was set at $60 per barrel.