oil

The goal is to limit Russia’s oil export revenues, which remain its main source of revenue.

Despite the growth, rapeseed oil exports cannot compensate for the loss of revenue due to duties on soybean and rapeseed exports.

CPC terminals and a transfer complex in Novorossiysk have stopped loading oil after an attack by Ukrainian drones.

The leaders of the United States and the European Commission agreed on further steps to reduce the Kremlin’s energy revenues and increase pressure on Russia on the sidelines of the UN General Assembly.

Shipments from Russian ports fell by about 300,000 barrels per day compared to the same months over the past three years.

It is Washington’s position that may be decisive for countries such as Hungary and Slovakia, which continue to buy Russian energy resources.

Despite numerous Western sanctions packages, Moscow has created a large-scale illegal maritime transportation system.

The US administration will push the G7 to raise import tariffs on China and India by 50-100% over their purchases of Russian oil.

In August, Russia’s revenues from the sale of oil and petroleum products fell by $920 million compared to July to $13.5 billion.

The restrictions should apply not only to Russian companies, but also to oil refineries in third countries, traders and intermediaries.