Reuters learned about the negotiations between the US Treasury and Indonesia on prices for Russian oil

US Treasury Department spokeswoman Elizabeth Rosenberg is scheduled to visit Indonesia and Singapore next week. During the visit, she plans to discuss price limits for Russian oil with local authorities, reports Reuters.

Rosenberg will also meet with business representatives in energy and finance, the agency said.

Earlier, the leaders of the G7 countries said they planned to cap the price of Russian oil in order to reduce Russia’s revenues and stabilize energy prices. Russian Deputy Prime Minister Alexander Novak believes that such a step could create even more problems – it will cause an imbalance in the market and an increase in quotations. Bloomberg 5 August reportedthat, unlike the G7, about half of the G20 countries do not support the US desire to isolate Russia from the international community.

August 5 Russian President Vladimir Putin banned until the end of 2022, transactions with shares of foreigners from “unfriendly countries” in Russian strategic enterprises, fuel and energy companies and banks. The ban applies to strategic enterprises, Russian credit institutions, fuel and energy companies that manufacture equipment and provide maintenance and repair services, suppliers of heat and electricity, and oil refineries. Also, the restriction will affect users of large Russian subsoil plots with hydrocarbon deposits with reserves of at least 20 million tons of oil, 20 billion cubic meters. m of gas or 35 million tons of coal, deposits of metals and minerals (uranium, quartz, nickel, cobalt, tantalum, niobium, beryllium, copper), as well as diamonds, gold, platinum, lithium. The list also includes offshore field developers. Separately, the document states that the ban applies to production sharing agreements for the Sakhalin-1 oil and gas project and the Kharyaginskoye field.