The aim of this measure is to reduce Russia’s ability to finance the war in Ukraine, the Norwegian Foreign Ministry said.
Norway imposed a price ceiling on Russian crude oil of $60 per barrel as part of the sanctions. This was reported on the website of the country’s Foreign Ministry on Thursday, December 8.
It is indicated that the purpose of this measure is to reduce Russia’s income from the sale of crude oil to third countries and reduce its ability to finance the war in Ukraine, which violates international law.
“Norway has joined the European Union and other supporters in terms of sanctions against Russia to maintain pressure on the country’s government and its allies,” said Foreign Minister Anniken Huitfeldt.
The release states that the ban on the import, purchase and transfer of Russian oil through Norway to the EU and third countries was introduced on December 5.
Remember that 32 countries in the world have set a ceiling on the price of oil from Russia. The restriction indicates that companies from countries that have agreed to the sanctions cannot provide brokerage, insurance and other services for the sea transportation of Russian oil to third countries, unless the oil that it is sold at a price below $60 per barrel.
Russian President Vladimir Putin warned of “serious consequences” due to the restriction of oil prices, but for now, the “black gold” is becoming cheaper – at the lowest level in a year.
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Source: korrespondent
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