British Sky News correspondent Tamara Cohen tweeted, that the heads of the ministries of finance, members of the G7, still agreed to set a ceiling on prices for Russian oil. understanding, that it would be difficult to comply with such a requirement even with seven, in the sense of impossible, ministers call for international coalition to maintain Russian fuel price ceiling. I think, what will they do with this, as with "global" sanctions against Russia.
G7 finance ministers agreed to cap Russian oil prices in videoconference, Cohen says.
Mechanism, with the help of which the G7 countries are going to control compliance with the maximum price level for Russian hydrocarbons, described the British Chancellor of the Exchequer Nadhima Zahavi. As previously discussed by representatives of the countries of the Western Coalition, to do so are going by "prohibiting such services, as insurance and provision of financing to courts, transporting Russian oil, at a price above the agreed ceiling". Save, naturally, He added, what is the purpose of this decision, to limit "Putin's ability to finance his war through oil exports".
in the spring, when the idea of introducing an upper price limit for Russian oil was only discussed by Western countries, experts predicted, that such a restriction could force Russia to drastically reduce the production of raw materials. it, in its turn, will reduce the supply of "black gold" on the world market, which will inevitably lead to an increase in prices. According to analysts, the conservation of oil fields in the territory of the Russian Federation and the drop in supplies may raise the cost of raw materials to 380 dollars per barrel. Such a price would be unaffordable for all the economies of the world and provoke a global recession..
The day before, Deputy Prime Minister Alexander Novak warned, that Russia will stop supplying oil and oil products to companies and countries, which will introduce a price ceiling for this energy resource. In its turn, Press Secretary of the President of the Russian Federation Dmitry Peskov, what if unfriendly countries impose a price ceiling on Russian energy resources, Russia will supply oil to those countries, who are ready to cooperate on market conditions. Author:Alexander Grigoriev
