Novak: there are disagreements among Western countries on the price ceiling for Russian oil
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The discussion of the price ceiling for Russian oil continues, because there are obvious disagreements among those who want to introduce it, said Russian Deputy Prime Minister Alexander Novak. He called the sanctions already imposed by Western countries ill-considered.
“The last constraint is about accepting price caps. However, this discussion is not over yet. It is obvious that there is a disagreement in the camp of those who impose appropriate sanctions,” Mr. Novak said at the IV Russian-Chinese Energy Business Forum (quoted by Interfax).
According to him, Western countries have introduced several “rash sanctions decisions” against several major energy producers, including Russia. “All these actions entail huge risks for the functioning of the industry, provoking a shortage of energy resources, investment in the industry – and not only in the oil industry,” the Deputy Prime Minister is convinced. According to him, Russia considers limiting the price of oil unacceptable, regardless of its level.
As part of the eighth package of EU (EU) sanctions, it is planned to introduce restrictions on Russian oil from December 5, and on oil products from February 5. The media wrote that they want to set the maximum price for oil in the range of $65-70 per barrel. However, Poland and the Baltic countries require set a price ceiling of $30, which caused controversy among European countries. Because of this, the EU can not agree on restrictions.
About the discussion of the initiative – in the publication “Kommersant” “He’s not low, not high”.
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