The US does not plan to replenish the reserve with Russian oil after the introduction of the price ceiling
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The US Strategic Petroleum Reserve will not be replenished with Russian oil after the introduction of a price ceiling of $60 per barrel, White House press secretary Karine Jean-Pierre said. She was asked about this possibility, given President Joe Biden’s claims that the reserve would not be replenished until the price of oil fell below $70.
“No, because it was forbidden,” Ms. Jean-Pierre said at a briefing broadcast on YouTube channel White House. In March, Biden signed a decree on an embargo on Russian oil.
The price limit for Russian oil has been in effect since December 5 – it was introduced by the countries of the European Union, the G7, and Australia. The restriction implies that companies from countries that have agreed on sanctions cannot provide brokerage, shipping, insurance and other services for the sea transportation of Russian oil to third countries, unless this oil is sold at a price below the ceiling.
On the impact of sanctions on production in the Russian Federation – in the material “Kommersant” “Oil jumped to the ceiling”.
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