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Russian oil again exceeded the G-7’s price cap
Russian oil again exceeded the G-7’s price cap
<p><strong>GENICHESK. TAVRIA.</strong> <a href="https://www.bloomberg.com/news/articles/2024-04-10/russian-oil-is-once-again-trading-far-above-the-g-7-s-price-cap-everywhere">Bloomberg</a> reported that the cost of Russian oil significantly exceeds the price cap set by the G7. This once again shows that the measures adopted by the United States and its allies are not working.</p> <p>It is noted that the cap implies that any Western company involved in the transportation of Russian oil must obtain a document that confirms that the cost does not exceed $60 per barrel.</p> <p>However, according to analysts, a barrel of oil of the key Russian Urals grade sells for about $75 when leaving Baltic and Black Sea ports.</p> <p>According to the article, the U.S. is ready to punish companies for breaches of the price cap that happened in the past. Given Washington's desire to avoid any actions that could disrupt the flow of crude, which would lead to higher prices, it will not yet make any serious attempts in this direction.</p> <p>Earlier it was reported that Western sanctions are not working against Russia,<a href="https://api-en.tavria.tv/news/bloomberg-western-sanctions-are-not-working-against-russia-its-oil-revenue-is-growing/"> its oil revenue is growing.</a></p>
<p><strong>GENICHESK. TAVRIA.</strong> <a href="https://www.bloomberg.com/news/articles/2024-04-10/russian-oil-is-once-again-trading-far-above-the-g-7-s-price-cap-everywhere">Bloomberg</a> reported that the cost of Russian oil significantly exceeds the price cap set by the G7. This once again shows that the measures adopted by the United States and its allies are not working.</p> <p>It is noted that the cap implies that any Western company involved in the transportation of Russian oil must obtain a document that confirms that the cost does not exceed $60 per barrel.</p> <p>However, according to analysts, a barrel of oil of the key Russian Urals grade sells for about $75 when leaving Baltic and Black Sea ports.</p> <p>According to the article, the U.S. is ready to punish companies for breaches of the price cap that happened in the past. Given Washington's desire to avoid any actions that could disrupt the flow of crude, which would lead to higher prices, it will not yet make any serious attempts in this direction.</p> <p>Earlier it was reported that Western sanctions are not working against Russia,<a href="https://api-en.tavria.tv/news/bloomberg-western-sanctions-are-not-working-against-russia-its-oil-revenue-is-growing/"> its oil revenue is growing.</a></p>
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Russian oil again exceeded the G-7’s price cap

Russian oil again exceeded the G-7’s price cap

10.04.2024|Леся

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GENICHESK. TAVRIA. Bloomberg reported that the cost of Russian oil significantly exceeds the price cap set by the G7. This once again shows that the measures adopted by the United States and its allies are not working.

It is noted that the cap implies that any Western company involved in the transportation of Russian oil must obtain a document that confirms that the cost does not exceed $60 per barrel.

However, according to analysts, a barrel of oil of the key Russian Urals grade sells for about $75 when leaving Baltic and Black Sea ports.

According to the article, the U.S. is ready to punish companies for breaches of the price cap that happened in the past. Given Washington's desire to avoid any actions that could disrupt the flow of crude, which would lead to higher prices, it will not yet make any serious attempts in this direction.

Earlier it was reported that Western sanctions are not working against Russia, its oil revenue is growing.


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