Russia’s income from oil sales has increased to its highest point since October 2022. According to the International Energy Agency (IEA), in August 2023 Russia’s revenues from oil exports increased by $1.8B to $17.1B due to an increase in oil prices, which more than compensated f... #OilImport #OilPrices #RussianEconomy #RussianOil #RussianOilPriceLimit
The US State Department: Russian oil price cap is working effectively. State Department representative Eric van Nostrand said that the $60 per barrel price limit for purchasing Russian oil introduced by the G7 countries and their allies continues to work despite quotatio... #EricVanNostrand #RussianOil #RussianOilPriceLimit #RussianOilSanctions #SanctionsAgainstRussia
Ukraine demands a further reduction in the Russian oil price ceiling. According to the Ministry of Economy, last year Russia’s oil and gas exports amounted to $349B, and this year it will receive about $173B following the implementation of the embargo and price ce... #RussianOil #RussianOilEmbargo #RussianOilPriceLimit #SanctionsAgainstRussia
The G7 will review the EU’s proposal for a Russian oil price limit of $51.5 per barrel. In March, the Big Seven countries and the EU will review the price threshold for Russian oil set in December. According to Bloomberg, representatives of Poland, Lithuania, and Latvia propose to reduce... #RussianOilEmbargo #RussianOilPriceLimit #SanctionsAgainstRussia
The US and its allies agreed to introduce two ceiling prices for Russian oil products. Deputy Secretary of the Treasury Wally Adeyemo met virtually with Deputy Ministers representing the global coalition of countries imposing a price cap on seaborne Russian crude oil (the Price Cap Coal... #RussianOil #RussianOilPriceLimit #SanctionsAgainstRussia #WallyAdeyemo
The G7 plans to establish two price limits for Russian oil products. The price cap on Russian oil products, which will come into effect on February 5 as part of the sanctions against Russia, will be twofold. One price will be set for diesel and kerosene, which are more... #RussianOilPriceLimit #RussianOilProducts #SanctionsAgainstRussia
The EU reduced the supply of Russian oil by 90%. As a result of the reduction in oil imports the Russian Federation’s profits have decreased, said Matti Maasikas, the EU ambassador to Ukraine. He recalled that after Russia’s full-scale i... #RussianOil #RussianOilPriceLimit #SanctionsAgainstRussia
Crude oil prices increased due to production cuts by the Russian Federation. Oil prices rose by $2 a barrel on December 23 after Moscow said it might cut crude output in response to G7 price caps on Russian exports. This was the reason for the increase in prices for the second... #OilProduction #RussianOilPriceLimit #WorldOilPrices
The Russian oil price cap of $60 made both Ukraine and Russia furious. The Council of the EU has decided to set the maximum price for crude oil, oil products, and oil obtained from bituminous minerals originating in or exported from Russia at $60 per barrel starting Dece... #RussianOilPriceLimit #RussianOilSanctions #Zelenskyy
Prices for Russian oil fall below the proposed price caps. According to Bloomberg, prices for Urals oil at the end of last week fell to $51.96 per barrel in the port of Primorsk on the Baltic Sea. The oil price in Novorossiysk in the Black Sea also fell to a ... #RussianOil #RussianOilPriceLimit
The US and its allies plan to agree on the Russian oil price cap. The United States, the European Union, and the G7 countries intend to reach a joint agreement on November 23 to set a maximum price for Russian oil, which could range from $60 to $70 per barrel. Curre... #anti_Russiansanctions #RussianOilPriceLimit
The EU is working on the ninth package of sanctions against Russia. Poland, Latvia, Lithuania, and Estonia, which favor tougher and faster EU sanctions against the Russian Federation, are pushing other member states and the European Commission to agree on the upper l... #RussianOfficialsSanction #RussianOilPriceLimit #SanctionsAgainstRussia
The G7 has prepared a three-stage cap on Russian oil prices. According to Assistant Secretary for Economic Policy Ben Harris, the price ceiling will first be introduced on crude oil, then on diesel fuel, and finally on cheaper petroleum products, such as naphth... #G7 #RussianOilEmbargo #RussianOilPriceLimit
The G7 leaders have agreed on limiting the price of Russian oil. The leaders of the Group of Seven, met recently at a summit in Bavaria, Germany, and reached a unanimous consensus on the need to limit the price of Russian oil. Still, this mechanism needs to be work... #G7 #G7summit2022 #RussianAgression #RussianOilPriceLimit #RussianOilSanctions
