Wall Street Journal: Western countries have agreed on the conditions for implementing the ceiling of Russian oil prices

Wall Street Journal: Western countries have agreed on the conditions for implementing the ceiling of Russian oil prices

According to the “Wall Street Journal,” which cited its sources, the United States and its allies agreed to apply the price cap for Russian oil.
One of the sources added: “The United States and its allies decided that every shipment of Russian oil transported by the sea will be subject to a price ceiling only when it is sold for the first time to a buyer on land, which means that this oil will not be subject to the ceiling again when selling it again.


Accordingly, the price ceiling on oil must be implemented in December and on oil products in February, but no agreement has yet been reached on the price of gas. The idea of imposing a stop to the price of Russian energy resources was presented during the summit of the Group of Seven countries in June.
For her part, US Treasury Secretary Janet Yellen proposed setting a price ceiling for Russian oil at $ 60 a barrel.

When commenting on this Western initiative, President Vladimir Putin said that Russia will not export anything abroad if it contradicts its own interests.
From Novosti.

Wall Street Journal: The parameters for establishing the ceiling on Russian oil prices have been agreed upon by Western nations.

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Economics