The US Treasury has threatened sanctions for attempts to circumvent the price limit for Russian oil
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The price ceiling for Russian oil being discussed by the G7 implies responsibility for those countries that try to hide the origin or price of the purchased oil, said First Deputy Treasury Secretary Adewale Adeyemo. According to him, it is planned to develop a set of instructions to understand that the country of origin of oil is Russia.
As Mr. Adeyemo explained, Russian oil should go to the world market, provided that the companies “will conscientiously adhere to the price limit.” “Those who evade the price ceiling regime by falsifying documents or otherwise concealing the true origin or price of oil will face consequences under the domestic laws of those jurisdictions that implement the price ceiling regime,” the deputy minister said at a video conference of the Brookings Institution of Washington ( quotation from TASS).
G7 countries agreed introduce a price limit for Russian oil on September 2. This mechanism also introduce a ban on the sea transportation of Russian oil from December 5, a ban on the transportation of petroleum products by sea from February 5, 2023. European Commission spokethat will seek support for restrictions from all European countries. India promisedwhich will also consider the G7 initiative.
Details – in the material “Kommersant” “Oil and gas covered ceilings”.
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