According to “Russia Today,” US Treasury Deputy Secretary Wally Edemo said that although Russia can sell oil at rates over the cap established by Western nations, it will have to pay more to ensure transportation and insurance services.
In an online interview with Foreign Policy magazine, Adeimou stated, “In no way are we requesting that Russia supply oil within a specified price range.” “Russia is able to sell oil to consumers.
“In this situation, he continued, Russia will need to sell oil via alternate methods, which “will cost it more money.”
“Buyers of Russian oil will understand that the price ceiling is in place and they will bargain with Russia to decrease prices,” the official said. “This will once again fulfil our goal of reducing Russia’s income.”
He asserts that the United States desires to “Make it as easy as you can for Russian oil to enter the market.
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In reference to matters like upkeep and insurance on oil tankers, he stated, “The price ceilings allow Russia to continue using the services of the G7 countries as long as it sells oil at a price lower than the predetermined price.”
Russia can sell oil for more than the cap imposed by Western nations, according to Washington.
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