price ceiling
India buys Rosneft much cheaper under the “price ceiling”
India buys oil from russia much cheaper than the “price ceiling” implemented by the G7 countries.
The EU will not reduce the “price ceiling” for Rosneft
The European Commission said that Rosneft’s price cap of $60 per barrel “proved to be effective” against the Kremlin’s war machine. There are no plans to lower the price ceiling in the near future.
Oil and gas revenues of the russian federation fell by almost 40% in January
Russia’s revenues from oil and gas exports, particularly by sea, fell by 38% in January.
Bloomberg: russian federation did not find a loophole that would allow bypassing the “ceiling of prices” for oil
Currently, russia cannot find options to circumvent the limit prices for petroleum products introduced by international partners.
Switzerland introduced a “price ceiling” for russian oil products
Switzerland has set price restrictions on oil products of russian origin.
Japan introduced a “price ceiling” for russian oil products
Japan joined the sanctions of the G7 countries, the European Union and Australia, and set price restrictions on russian oil products.
The US and its allies are discussing a “ceiling price” for russian oil products
The United States and its allies are discussing new sanctions against the russian oil industry.
Estonia will offer the EU to lower the price ceiling for russian oil
The head of the Estonian Foreign Ministry, Urmas Reinsalu, said that the current maximum price rate for russian oil should be lowered even more.
The president of russian federation banned the sale of oil to countries keeping up with the “price ceiling”
Russian president vladimir putin signed a decree prohibiting the sale of oil and oil products to countries that prescribe a “price ceiling” in contracts.
The G7 and Australia agreed to set a “price ceiling” for russian oil
The countries of the Group of Seven, as well as Australia, agreed to set a fixed maximum price for russian oil, rather than a floating one. The “ceiling” of prices will be determined by the end of the month.
