The price reduction brings Canada closer to the European Union and the UK, which in July announced a reduction in restrictions aimed at reducing Kremlin’s income.
Canada will join allies in reducing the maximum Russian oil prices. This was reported in Canadian Ministry of Ministry of Finance, Report Reuters.
In the government initiative, the limit for Russian oil supply supplies will reduce $ 60 to $ 47.60 per barrel.
The corresponding decision was in line with the EU and Great Britain, which returned in July announced such a step to reduce Russia’s income from the sale of oil and strengthen the pressure in Moscow due to the war against Ukraine.
Financial Minister Francois-Filipp Shampan emphasized that the reduction in price ceiling limits the main source of funding of Russia’s illegal war.
On July 18, the European Union approved the 18th package of sanctions against the Russian Federation, which, among other things, provided a reduction in Russian oil maximum price from 60 to 47.6 dollars per barrel. On the same day, the UK revealed about its attachment to these restrictions.
Remember that the Russian oil brand supply with a deadline for arrival in October is offered to Chinese customers at a reduced price.
Oil has survived the longest rejection since 2021
News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.