Ministry of Finance: Russia will continue to sell oil at market prices despite ceiling prices

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Finance Minister Anton Siluanov said that although Russia has set a ceiling price for this energy source, it will continue to sell its oil at market prices. TASS.

“Prices will be determined on the basis of market principles, and not on the basis of any ceiling, restriction that cannot operate within the framework of market pricing,” said the head of the RF Ministry of Finance.

He also added that Russia is one of the world’s largest oil exporters and this will continue.

December 5 entry Thanks to the embargo on Russian oil, which was accepted by the countries of the European Union, the G7 and Australia. Since then, the EU has officially stopped importing Russian oil by sea. In addition, the G7 countries and Australia refused to transport and insure Russian oil at a price of more than $60 per barrel.

December 27 Russian President Vladimir Putin signed A decree on retaliatory measures to set a ceiling price for Russian oil. It is understood from the decree that the supply of oil and petroleum products from Russia to countries that set ceiling prices in the contract is prohibited.

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