lowering the ceiling on oil prices from Russia will have consequences for the United States – Kommersant

lowering the ceiling on oil prices from Russia will have consequences for the United States - Kommersant

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Russian Foreign Minister Sergei Lavrov said that lowering the price ceiling for Russian oil to $30 threatens the United States with serious economic consequences. According to him, Moscow hopes that Washington will not make such a decision.

“I read that Ukraine is trying to convince the United States to lower the ceiling on the maximum price for Russian oil by half – to $30 per barrel. This generally goes beyond any limits, not to mention the fact that the very concept of the ceiling is anti-market and reflects the desire to dictate,” said Sergei Lavrov in an interview for the documentary project oil. A recording of the conversation was published on website Ministry of Foreign Affairs.

The minister called the very introduction of a price ceiling an interference in the principles of the free market. He added that the United States authorities are unlikely to agree on a decision to lower the price ceiling for Russian oil. “I hope that the United States still has some remnants of national pride and will not dance to Zelensky’s tune,” he said.

The price limit for oil from Russia at $60 per barrel came into force on December 5, 2023. After this, part of the embargoed fuel was redirected to China and India. 6 March Estonian authorities called The EU will lower the price ceiling to $30 per barrel.

Read more about the sale of Russian fuel in the Kommersant article. “Oil of undetermined purpose”.

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