For Russian oil, it is proposed to set a cost cap of $60 per barrel.
The United States is proposing to set the maximum price for Russian oil at $60 per barrel. This proposal was made by US Treasury Secretary Janet Yellen, Reuters wrote.
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In his opinion, the cost of oil production in Russia is “rather low.”
“We know that Russia has been willing to sell oil for a long time and has done so at a profit at an average price of about 60 something dollars per barrel. Your price within these limits will be enough to consider that Russia can take and sell in a sugarcane oil,” Yellen said.
Note that the new EU sanctions package against Russia includes a cap on oil prices.
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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.