If an agreement is reached, Russia will have to sell its oil at $ 40-60 per barrel.
The US and its allies are talking about setting the highest price for Russian oil. According to Washington, the price should remain at the level of 40-60 dollars per barrel. On Wednesday, July 6, Bloomberg reports.
“NATO countries are researching several ways to limit Russia’s oil revenues while minimizing the impact on their own economies in the discussions that began before the G-7 summit. The United States and allies are discussing setting the price limit for Russian oil. At $ 40- 60, “the statement said. message.
At the same time, it was reported that a more specific threshold at which to buy oil would depend on market conditions when the maximum price limit was agreed upon. Recently, Russian oil has been trading at close to $ 80 per barrel.
Earlier, US President Joe Biden promised a “big problem” for oil from Russia. The US and its allies will not provide insurance to Russian tankers carrying oil. This will interfere with the transportation of this energy source.
Also, Japanese Prime Minister Fumio Kishida reported that the highest oil price in the Russian Federation after the introduction of forced restrictions on its cost by the G7 will not exceed half the current purchase price.
The G7 introduced the ceiling on Russia’s oil price. What does this mean
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.