The agreement between the G7 countries (G7), Australia and the European Union (EU) on a ceiling price for oil products from Russia is the “culmination” of Western countries’ sanctions efforts. such an opinion expression US Treasury Secretary Janet Yellen.
According to the agreements of Western countries, the “ceiling” of prices for products traded at oil premium will be set at $100 per barrel. For petroleum products sold at a discount to raw materials, the marginal cost would be $45.
“[Rusya’dan gelen petrol ürünleri için tavan fiyatlar üzerinde anlaşmaya varılmasına ilişkin]The announcement is the culmination of months of effort by our coalition, and I greatly appreciate the hard work of our partners in achieving Putin’s goal of limiting his main energy source. “The income from his illegal war in Ukraine,” Yellen said.
According to him, the consensus of Western countries to set marginal prices for Russian oil products will help maintain stability in the global energy market. In addition, this solution will help protect consumers and businesses from global supply disruptions.
On February 4, the AFP news agency said, citing sources. reportedThe G7 countries and Australia have agreed on limit prices for Russian oil products. Thus, the alliance was supported by a similar measure from the European Union (EU). The EU ban on imports of oil products transported by sea from the Russian Federation will enter into force on 5 February.
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.