Rosneft again bargains above the “price ceiling”
11.08.2023 - 14:20
The USA plans to react to the violation of the price limit on energy carriers from the Russian Federation.
Russians are again exporting fuel from the Baltic and Black Sea ports above the established price limit, Reuters reports.
According to Argus analysts, prices for diesel fuel, gas oil, and fuel oil in Russian Black Sea and Baltic ports have exceeded the established limits in recent weeks.
It will be recalled that due to the full-scale invasion of the Russian Federation into Ukraine, the G7 countries and the EU set a maximum price for products that are traded at a premium to crude oil at the level of $100 per barrel. At the same time, the “price ceiling” for products traded at a discount, such as fuel oil, is limited to $45 per barrel.
Russian Urals crude is also reportedly trading above the coalition’s $60 per barrel price cap.
As sources told Reuters, the administration of US President Joe Biden intends to strengthen control over compliance with restrictions against the Russian Federation.
Previously, USM wrote that due to the danger in the Black Sea ports of the Russian Federation, Rosneft’s export volumes began to fall sharply.
