The ceiling price of $60 per barrel for Russian oil, set by the West a year ago, is not currently implemented. This view was expressed in an interview with the newspaper. “News” stated by economist Maxim Chirkov.
According to him, current prices of domestic oil significantly exceed the declared ceiling. At the same time, the initial discount to world prices has decreased significantly in recent times and has now reached an acceptable level.
It is also possible to see this in the stock market; Shares of Russian oil companies are trading near their highest levels in recent years despite sanctions restrictions. According to the expert, this proves the absolute meaninglessness of the West’s attempts to crush the Russian Federation with a price ceiling.
Moreover, this measure only stimulates a general increase in oil prices, which is to the benefit of Russia and OPEC countries. The most important drawback is the possibility of environmental risks arising during transportation due to problems with tanker insurance.
The expert concluded that the West had actually started a process of self-destruction, so further sanctions were futile.
Before that in the USA stated About the failure of sanctions against Russian oil.
Previously, the US State Department to do Everything possible to limit Russia’s oil revenues.