CNN: Limiting the price of Russian oil may not lead to a reduction in Russia's revenues

Western countries still cannot agree on what price ceiling to introduce for Russian oil, reports CNN. The investment bank RBC Capital Markets believes that the price cap is unlikely to affect the income received by Russia.

The media wrote that they want to set the maximum price for oil in the range of $65-70 per barrel. “In this price range, we are talking about lower inflation, not a reduction in Russian income,” said Helima Croft, head of commodity strategy at RBC Capital Markets.

CNN notes that lower oil prices "could exacerbate the global energy crisis, especially if Russia retaliates." Bloomberg last week informedthat the Kremlin will ban the sale of Russian oil to countries that have imposed a price ceiling on it.

As part of the eighth package of EU sanctions, it is planned to introduce restrictions on Russian oil from December 5, and on oil products from February 5. Poland and the Baltic States require set a price ceiling of $30, which caused controversy among European countries.

About the discussion of the initiative - in the material "Kommersant" "He's not low, not high".

Laura Keffer

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