The price ceiling for Russian oil is not working as we would like. This was expressed in the words of US Treasury Secretary Janet Yellen. potential customers Bloomberg.
The minister expressed this opinion in response to the question of why Russian Ural oil prices are already approaching $100 per barrel and not the $60 limit.
“Russia has spent a lot of money, time and effort to provide services for the export of its oil. Yellen said they are expanding their dark fleets, providing more insurance, and that such trading is not limited to price caps.
The minister had difficulty estimating Russia’s exact revenue from fuel supplies. However, according to him, the G7 alliance is ready “over time to evaluate whether there are ways to make this policy (restrictions on Russian oil prices – socialbites.ca) more effective.”
The United States does not plan to give up the price ceiling for oil from Russia. stated on Friday, John Kirby, strategic communications coordinator for the White House National Security Council. UK Deputy Secretary of the Treasury Joanna Penn reportedIt was stated that the United Kingdom was discussing with other G7 countries the effectiveness of the price ceiling applied to Russian oil and the possibility of changes in the ceiling price due to changes in the world market.
The other day, National Energy Security Fund expert Igor Yushkov aforementioned socialbites.ca shows that Russia now earns more profit from oil exports than in the first half of 2023. He explained that the average price of Russian Ural oil in January-August was 45 dollars per barrel and is now above 77 dollars per barrel. According to Yushkov’s predictions, oil prices will continue to rise, which will bring additional income to the Russian budget.
Previously in Russia appreciated Ural oil exceeded the ceiling price of $60 per barrel.