A senior Russian official outlined a new mechanism aimed at preventing the sale of oil by Russian companies when a price cap is in place. The disclosure came through a Kremlin-linked channel and was described as a step toward enforcing the cap on Moscow’s oil trade. The official asserted that the solution is under development and could be ready soon, with confidence expressed that it will be in place before year-end.
Meanwhile, a spokesperson from the American government suggested that setting a marginal price around sixty dollars per barrel could help curb Russia’s gains from oil exports by limiting revenue. The idea is to suppress the incentives for higher pricing while keeping trade channels functional in a regulated way.
Policy measures adopted by Western partners—namely the European Union, the Group of Seven, and Australia—entered into force on December 5. The price ceiling stands at sixty dollars per barrel and is designed to be reviewed regularly after mid-January. The new rules cover a broad spectrum of maritime services involved in transporting oil by sea. The Kremlin signaled resistance to the Western decision, arguing that it undermines Russia’s export framework. As part of the same package, an embargo on offshore supply related to Russian oil began on the same date. In-depth coverage of the developments was previously reported by regional media outlets.