The US Treasury Department said Washington and its allies are updating measures to enforce the Russian oil price cap. This was reported by TASS.
The ministry emphasized that the United States and its allies will begin to require that the supply of services from coalition countries receive approval from counterparties every time they load or transport Russian oil. Changes are also being made to require supply chain participants with access to detailed additional costs, such as insurance and freight, to share this information with downstream participants upon request.
Before that, EU diplomacy chief Josep Borrell statedWhat
In its desire to rid itself of Russian energy sources, the European Union eventually swapped one dependence for another.
The head of European diplomacy noted that the “EU response” to the events in Ukraine was “impressive”. As an example, he cited the radical reduction in Europe’s energy dependence on Russia, estimated at the time at 40%.
Previously recognizedWhen oil prices fall to $50 per barrel.