Deputy Governor of the UK Treasury, Joanna Penn, said the UK was discussing with the rest of the Group of Seven (G7) countries the effectiveness of a price ceiling for Russian oil and the possibility of revision of this ceiling due to changes in the world market. the agency reports. Reuters.
He said G7 countries should continue to monitor the effectiveness of price caps.
“We need to think about how we can make sure that we take into account how the response might change and therefore how the price threshold and policy need to change in response to that,” the deputy minister said.
According to him, the price ceiling supposedly successfully reduces the income of the Russian Federation and increases the costs of exporting raw materials, while providing the world market with the required amount of supplies. However, Penn said that after the restrictions were introduced, changes occurred in the oil market and the Russian Federation was able to start providing most of its exports through Russian or non-Western carriers.
He also assured that Britain was determined to comply with restrictions on oil from the Russian Federation, but was also discussing pricing policy with its partners, especially the United States. However, the Deputy Minister said that the UK is constantly monitoring the effectiveness of this policy.
John Kirby, formerly White House National Security Council Strategic Communications Coordinator aforementionedThe United States does not plan to give up the price limit for oil products exported from Russia on the international market.
Previously Mishustin said On the situation of the oil and gas sector of the Russian Federation against the backdrop of sanctions.
Source: Gazeta
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