Economics

The Russian Federation sells oil more than G7 price ceiling than it strikes its customers - the media

According to journalists, the price of Urals oil on July 12 exceeded the $ 60 per barrel. However, for buyers, price ceiling violations can be threatened with sanctions from the event. Russian oil, Mari Urals began to sell more than the price of prices, which was established by G7 countries. It was a blow to the efforts of the West and in some sense the economic victory of Moscow. About it writes Bloomberg.

According to journalists, the ARGUS MEDIA price agency indicates that the price of Urals oil on July 12 exceeded $ 60 per barrel, exceeding the price limit. The idea of ​​the ceiling was to stop the transport of Russian oil on Western ships, unless it was evaluated below the threshold. However, it is reported that the Russian Federation has collected a shadow fleet for transportation of oil to buyers who do not so much need services of companies from G7 countries. But there is the other side.

Yes, for Russian oil buyers, a price ceiling violation can be threatened with sanctions from the event. This also applies to India, which continues to buy oil in Russia. "In the last few months, Indian banks have exercised special care because of fears of sanctions, demanding that the refinery from refining plants show that the price of their cargo on board is lower than $ 60 to make a payment," said Vandana Hari, founder of the Vanda Insights Analytical Center.

According to Hari, it can have a "domino effect" for Moscow. "Russia may have to offer higher discounts to continue to attract buyers in Asia," she said. According to the journalists, it is unclear where Russian cargoes are afraid. Shipping experts have long warned that one of the unpredictable consequences of sanctions is the increasing risk of environmental disaster when no one is covered by cleaning. "We carefully monitor the market for possible violations of the price limit.

It is worth noting that agreements for the amount above $ 60 without the use of coalition services are not a violation of the price ceiling, and much of the agreements with Russian oil still uses coalition service providers ", - said the US Department of Finance. It should be reminded that on July 7 it was reported that the EU estimated how sanctions affect the economy of the Russian Federation.