Russia plans to create and introduce a mechanism before the end of the year. It will ban Russian companies from selling oil below the $60 mark Per barrel applied to Russian crude oil by the G7, Australia and the European Union (EU), the deputy prime minister reported on Tuesday. Alexander Novak.
“yes i’m sure it willNovak addressed the question about the introduction of this mechanism, according to the official TASS agency, in his statements to the media. “We’re discussing the decision right now, we’re discussing it with companies,” Novak said.
Deputy Prime Minister announced Russia to keep oil production at November level in DecemberDespite the cap and community embargo on Russian sea-supplied crude that came into effect Monday.
“We are confident that the sales in the world market in December will be at the level of November. Then we will see how the relevant products are sold, how the market situation develops. Here too there are many uncertainties, especially about the demands. On the economy in general,” he said.
recorded by Novak Russia’s crude oil production increased by 2.2% between January and November 2022up to 488 million tons. However, he admitted that it was R.US could cut production later in crude oil, although he believes there will be no significant cuts.
“I don’t think there will be large volumes. However, although we are doing everything we can to keep the situation stable and oil sales at the level we have reached (volumes), we are not ignoring that in 2022,” he said.
“Russian oil is in demand in world markets, oil will find its buyer. Russia is the world’s largest supplier of oil to world energy markets. Russian oil has always been in demand and always will be. Yes, chains and logistics mechanisms will now change. But we don’t see a tragedy in this,” he said.
Novak says imposing a maximum price for Russian oilor will lead to a decrease in investment in industry in the world and This will lead to scarcity of energy resources and increase in prices in the future.
Deputy Minister of Foreign Affairs of Russia Sergei Riabkov pointed to his name Russia’s interests in energy resources trade will be secured, According to TASS, Russian oil will find buyers.
“I have no doubt that our products will find buyers. As far as I understand, our relevant departments and structures prepared for the top in various sectors and directions. We’ll see how the market will react in the future, but our interests in this industry will be protected one way or another.” For the European Union (EU), “he cut the sitting branch.”
“People obsessed with anti-Russian ideas will eventually realize that their plan will not work, because they will get volatility, instability, price fluctuations and unpredictability,” Riabkov said.