The price limit for Russian oil has not been reached, and Moscow continues to receive funds - the media

Weak ruble and high oil exports, as explained by the senior lawyer of the German Institute for International Affairs and Security Issues Janis Klug, will allow to provide sufficient money to the Kremlin's budget. The efforts of the West to limit Russia's income from oil after Moscow began a full -scale war against Ukraine, in fact, fell a year after it was first agreed. Politico published the material, citing the results of the analysis.

The report, according to the publication, shows that there are certain "fraudulent mechanisms in the issue of sanctions. Moscow still has loopholes to obtain income from the sale Russian cheese oil at $ 60 per barrel, trying to maintain the stability of oil supply all over the world, while depleting the Kremlin's military funds.

The results of the year show that Moscow still earns billions on its flagship export This scheme, according to the message, cost the Kremlin 34 billion euros of exports, which is equivalent to approximately two months income this year, according to a new analysis of the Research Center for Energy and Pure Air (CREA). dollars. This is much less than those who developed the rules; moreover, the influence was felt most intensive in the first half of 2023 before he began to fade.

The deficit is partly explained by the fact that traders simply ignore the price ceiling, according to the report, and Russian oil is sold for about $ 70 per barrel. About 48 percent of Russian oil cargoes were transported to tankers owned or insured in the G7 and EU countries. Janis Klug, a senior lawyer of the German Institute for International Affairs and Security, noted that the modest monetary impact of the ban means that the EU should also adjust its expectations for sanctions.

According to him, weak ruble and high export of oil will allow to provide sufficient money to the Kremlin budget. "At present prices, and even if Russia earns these $ 60 within a price limit . . . This will not affect income so much to force any change in the strategy or limit Russia's resources so much to change the situation on the battlefield," he said.

We will remind, in September, the Bloomberg agency reported that the restriction of the price of oil for Russia, which at the end of 2022 was introduced by the United States and allies for a full -scale invasion of Ukraine, reduced the Kremlin's income. Since mid -July 2023, the reference Russian oil of the Urals brand has been quoting above $ 60 per barrel.