G7 countries plan to tighten price limits for Russian oil

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The G7 countries (G7 – Great Britain, Germany, Italy, Canada, France, Japan and the USA) aim to limit Russia’s income from the sale of energy resources by tightening the price ceiling for Russian oil. This is also stated in the association’s statement and reports. TASS.

January 18 US Treasury introduced Sanctions are being imposed on 17 tankers carrying Russian oil under the Liberian flag. UAE shipping company Hennesea Holdings, which owns the ships, was also subject to restrictions.

At the Russian Ministry of Foreign Affairs to believeThat the United States in recent years has begun to make every effort to “capture” the hydrocarbon market and gain a foothold as the largest supplier of shale oil and liquefied natural gas.

USA at the end of December announced New rules for countries that buy Russian oil at a price below the limit set at $60 per barrel. From February 19, 2024, buyers will be required to provide information on all logistics costs when dealing with Russian fuel. As the US Treasury has stated, this measure is designed to reduce Russia’s oil revenues as much as possible without creating a deficit in the world market. At the same time, the price ceiling introduced in December last year did not bring the expected results.

Previously at RAS statedIt was stated that Western sanctions failed due to the “big country trap”.

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