The United States, together with its allies, plans to set an upper limit on the price of Russian oil by December 5th. This was stated by Wally Adeyemo, the US Assistant Secretary of the Treasury. DEA News” With a link to Yahoo Finance.
“We plan to introduce a price ceiling by December 5, when the EU’s sixth package (consisting of sanctions) comes into effect,” Adeyemo said. this coalition
The Deputy Minister reminded that within the framework of the sixth package of sanctions, the G7 countries will refuse to import Russian oil products and stop providing services for their imports. According to him, the price ceiling “will create a situation for Russia to continue to send its oil using the services of the G7, but on the condition that it is sold at a certain price.”
Adeyemo also announced that the ceiling price will be set at a level that exceeds the cost of extraction.
Our aim is to ensure that the markets have a good supply level and to put downward pressure on prices,” he said.
previously the EU counter Blocking the insurance of tankers with Russian oil until December.
Source: Gazeta
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