A loophole in the oil price ceiling allows the Russian Federation to earn billions. Inflated transportation costs allow Russian companies to make much more from selling crude oil to India than previously recognized. According to the FT, these cost overstatements could bring in more t... #circumventionOfSanctions #RussianOil #RussianOilPriceCeiling
The US supports the Russian oil price ceiling, the Kremlin considers the restrictions quite “loose”, and Estonia calls for the ceiling to be halved. Price restrictions imposed by the G7 countries and their allies to force Russia to sell its oil and petroleum products at a discount are working well, according to Amos Hochstein, the US presidentR... #OilEmbargoforRussia #RussianOilPriceCeiling
EU has reduced its Russian gas consumption by 500%. According to September’s results, Russian gas consumption decreased from more than 40% to 8% of total consumption and continues to fall, said Oleksandr Kharchenko, director of the Energy Researc... #OleksandrKharchenko #russiagasproduction #RussianGas #RussianOilPriceCeiling
Zelenskyy calls on the G7 to introduce a price ceiling for Russian oil and gas. President Volodymyr Zelenskyy called on the Big Seven (G7) countries to respond to Russia’s strikes on Ukraine’s energy sector with new symmetrical sanctions. In particular, the introducti... #energysanctions #priceceilingforgas #RussianOilPriceCeiling #Zelenskyy
The US Congress will severely punish any attempt to circumvent oil sanctions against Russia. The WSJ writes that the US Congress is preparing a bipartisan proposal to strengthen the agreement on a price ceiling for Russian oil. It is noted that Senators Chris Van Hollen and Pat Toomey want to... #RussianOilPriceCeiling #RussianOilSanctions #SecondarySanctions
