The country’s government adapted the sanctions imposed against the Russian Federation regarding crude oil and petroleum products.
Swiss authorities joined the price ceiling for Russian oil and oil products set by the European Union. This was reported by the press service of the country’s government on Wednesday, February 15.
The Federal Council adapted the sanctions imposed on Russia regarding crude oil and petroleum products, thus supporting the latest decisions approved by the European Union.
As you know, on December 5, the EU embargo on Russian oil delivered by sea began to work. At the same time, the EU, the G7 countries and Australia set a ceiling on Russian oil supplies at $60 per barrel.
In addition, the European Union has set two price limits for oil products from Russia. Oil products traded at a discount to crude oil will have a cap price of $45 per barrel. This category includes, for example, fuel oil.
A second price cap of $100 per barrel will be set for refined petroleum products traded at a premium to crude oil. This group includes gasoline and diesel fuel.
In response, Russian President Vladimir Putin signed a decree banning oil supplies to “unfriendly” countries.
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Source: korrespondent
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