EconomyRussia will not supply oil to countries that support...

Russia will not supply oil to countries that support ceiling prices

-

Alexander Novak, Deputy Prime Minister of the Russian Federation. archive photo

Novak: Russia will not supply oil to countries that apply the price ceiling principle

MOSCOW, November 21 – RIA Novosti. Russian Deputy Prime Minister Alexander Novak said that the Russian Federation does not plan to supply oil and oil products to countries that will implement the price ceiling principle, divert supply to market-oriented partners or reduce production.

“Russia confirms its status as a reliable supplier of energy to the world market and the market state of our relations with our partners. In this regard, we do not plan to subsequently reorient the supply of oil and oil products to countries that will apply the price ceiling principle. Reducing supply or reducing production to market-oriented partners,” he said. commented on a possible price cap.

Last Friday, Bloomberg reported that the G7 countries are planning to announce on Wednesday, November 23, at what level the price cap will be set for Russian oil. The US plans to share its proposal privately ahead of the upcoming meeting of EU ambassadors. If the bid is approved, the agreed ceiling price can be announced on the same evening. At the same time, the agency’s interlocutors noted that the timing of this announcement may change.

In September, the finance ministers of the G7 countries (UK, Germany, Italy, Canada, USA, France and Japan) confirmed their intention to impose price restrictions on Russian oil as part of the expansion of sanctions. In early October, the European Union introduced the eighth package of sanctions against Russia, which includes a legal basis to set a price ceiling for the sea transport of Russian oil to third countries. It is planned to impose a price limit on December 5, 2022 for oil and February 5, 2023 for petroleum products.

Source: Ria

Emma
Emma
I am Emma Sickels, a highly experienced journalist specializing in news and economy. As an author at News Unrolled, I cover the latest trends in the economic sector and provide readers with valuable insights into its complexities. My work has been featured in various media outlets such as The New York Times, USA Today, Bloomberg Businessweek and many more.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

The media reported a problem with ammunition for tanks Leopard 1

German army soldiers load a Leopard tank. archive photoSueddeutsche Zeitung reported a problem with ammunition for Leopard 1...

Makhachev says he wants to knock out Volkanovsky

UFC champion Makhachev says he wants to knock out MMA fighter VolkanovskiMOSCOW, February 3 - RIA Novosti. Russian Islam...

Peskov said the Kremlin has taken a negative stance against the EU’s embargo on petroleum products

Deputy Head of the Presidential Administration, Press Secretary of the President of the Russian Federation Dmitry Peskov. archive...

The Ministry of Defense received the first batch of new BMP-3s in 2023

The work of the repair units of the Southern Military District in the Zaporozhye direction. archive photo Rostec: Ministry...

Men and women, Ida Platano and Alessandro Vicinanza will get married soon? The photo on social media excited fans.

Ida Platano and Alessandro Vicinanza left Men and Women for a few months, and their story seems to be...

Harry Potter: Rupert Grint on Ron Weasley’s legacy and the Gryffindor robe given to his daughter

Proud of his role in the Harry Potter saga, Rupert Grint shares how he introduces his two-year-old daughter to...

Must read

The media reported a problem with ammunition for tanks Leopard 1

German army soldiers load a Leopard tank. archive...

Makhachev says he wants to knock out Volkanovsky

UFC champion Makhachev says he wants to knock out...
- Advertisement -spot_img

You might also likeRELATED
Recommended to you