The United States and its allies are preparing new restrictions on the Russian oil industry, which will be more difficult than existing measures, but will pose more of a threat to Moscow. The Wall Street Gazetterefer to their sources.
The other day, Reuters wrote about Big Seven (G7)’s plans. To upload Two price limits for Russian petroleum products: the first for high-traded products, and the second for discount-traded products.
The publication explains that there are two restrictions – for high-value exports, especially diesel fuel, and for low-value goods, such as fuel oil.
According to the authors, one month after the restrictions were introduced, the implementation of the price ceiling for oil from the Russian Federation in the USA at US$ 60 per barrel is considered successful, and as a result, Russia’s revenue from oil exports decreases. , world prices remained almost unchanged. Experts believe that the same measures will be an even more serious test for petroleum products.
Experts believe that a pre-organized shadow fleet helps Russian exporters maintain the volume of oil supply, albeit at a lower price. However, it is more difficult to find ships to transport petroleum products. In addition, the material says that at the moment Russia’s main new partners, China and India, are engaged in the oil refining business and are not interested in buying gasoline, diesel and fuel oil, except at a huge discount.
Discussing prices for the two new limits will be actively discussed by US and European officials.