Agreed limitation of the prices of Russian oil and oil derivatives

02.09.2022. / 15:50

BERLIN – Finance ministers of the Group of Seven /G7/ have agreed to introduce a limit on the prices of crude oil and oil derivatives from Russia, it was confirmed in a joint statement.

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The announcement states that the initial price limit will be based on the range of technical inputs, and the price level will be reconsidered if necessary, Reuters reported.

“Our goal is to harmonize the implementation with the time frame of related measures within the sixth package of European sanctions”it is emphasized in the announcement.

RIA Novosti reported that the ministers confirmed their intention to ban the transportation of oil and oil derivatives from Russia by sea, unless these products were purchased at limited prices.

The Kremlin warned earlier today that adopting the restrictions would destabilize the oil market. A doe


Source: Capital.ba – Informacija je capital by www.capital.ba.

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