Setting a ceiling price for Russian oil will not reduce Russia’s revenues, but it will hit Europe. It is stated in this article foreign policy.
He states that although the material is presented as a diplomatic victory in the West, the maximum price of $ 60 per barrel of Russian oil agreed upon by the countries of the European Union, the USA, the G7 and Australia will not be possible. It significantly reduces Russia’s revenues.
According to the oil prices and transactions data cited by the publication, raw materials from the Russian Federation have been sold at an average price of around $60 in recent years, and discounts to the Urals brand have halved since the inception of the CBO. in Ukraine. At the same time, three days after the “ceiling” came into effect, the cost of a barrel of Brent crude fell to $76.
According to the authors of Foreign Policy, the EU will revise its price ceiling in mid-January due to disagreements on fuel sanctions that could create difficulties in achieving unity.
Elvira Nabiullina, former head of the Central Bank (CB) statedThe EU authorities’ ban on the import of Russian oil transported by sea and the imposition of marginal prices for raw materials at $60 per barrel worsen the prospects for oil exports from Russia.