WSJ: price ceiling for Russian oil may be agreed on November 23
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Tomorrow, November 23, the United States and its allies can agree on the introduction of a ceiling on prices for Russian oil, and on December 5, the restriction should come into force. It is reported by The Wall Street Journal (WSJ) with reference to sources.
According to the interlocutors of the publication, the price ceiling can be set both at the level of about $60 per barrel, and at the level of $70. The delay in the entry into force of the price limit informants WSJ associated with attempts G7 countries to smooth out the details of the final draft sanctions.
International organizations have been discussing the introduction of a price ceiling for Russian oil since spring, and the establishment of an energy limit is planned to be implemented as part of the eighth package of EU sanctions.
The US Treasury has previously named December 5 as the start date for the restrictions. Russian officials declaredthat those countries that introduce such a restrictive mechanism will not be supplied with oil from Russia.
About the market reaction to the probable introduction of a price ceiling – in the material “Kommersant FM” “Oil Prices Discounts”.
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