G7 and Australia to review price cap for oil from Russia in March 01:01

The G7 countries and Australia will review the level of the price cap for Russian oil in March 2023 and will be able to adjust it if necessary. It has been reported TASS Referring to the statement of the representatives of the coalition.

“The Coalition commits to reviewing the crude oil price ceiling in March,” the document says.

It was noted that the members of the association guarantee the continuous achievement of two main goals: the subsequent reduction in Russia’s income and simultaneously maintaining the stability of the energy market.

“The coalition is ready to adjust the maximum price as necessary,” the statement said.

It was known before that the USA and its allies. acceptance Two price limits for oil products from Russia, $100 and $45 per barrel.

US Treasury in January reportedThat a coalition of Western countries (European Union, G7 countries and Australia) has agreed to introduce two ceilings for Russian oil products. One will apply to products traded at a premium for petroleum (diesel oil, kerosene) and the second for products traded at a discount to petroleum (fuel oil). The ceiling price for petroleum products from the Russian Federation will come into effect on February 5.



Source: Gazeta

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