Rosneft prices fell to $50/barrel due to sanctions
6.01.2023 - 10:40
After the introduction of Western sanctions in December, russian oil prices fell to $50 per barrel.
In December 2022, the price of russian export Urals oil fell to $50.47/barrel, compared to $66.47/barrel in November and $70.62/barrel — in October, according to the Ministry of Finance of russian federation.
Comparing to December 2021, the price of Urals oil decreased by 1.4 times (compared to $72.71/barrel).
At the same time, due to the increase in prices in the first half of 2022, the average price of Urals oil for the year totaled $76.09/barrel, against $69/barrel for 2021.
It will be recalled that since December 5, the “Big Seven” countries and Australia introduced price restrictions for russian oil delivered by sea to $60 per barrel. At the same time, EU sanctions came into force, prohibiting the import, purchase and transportation of russian oil to the EU and third countries.
According to the restrictive mechanism, the ban will not apply to the provision of professional assistance, intermediary services and financing for the transportation and trade of Rosneft, which is sold to countries outside the EU at a price lower than the threshold.
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