The Kremlin has miscalculated: Russian oil is traded for the first time by G7 rules

In recent days, the basic prices for oil have fallen, on the background of which began to rapidly cheaper the standard brand of Urals, which is traded with discount. The ceiling of prices for Russian oil in the amount of $ 60 per barrel, which has been operating since December 2022, equally enabled Russia to earn billions of dollars thanks to various loopholes by which Moscow exported and sell its oil.

However, a recent decrease in oil prices has led to the fact that prices for leading Russian oil brands, for the first time since July, decreased lower than the limit and EU countries established by the Limit. Bloomberg writes about it. Thus, according to Argus Media Ltd, the Urals oil from the Baltic port of Primorsk fell up to $ 56. 15 per barrel, while the same variety in the port of Novorossiysk fell to $ 56. 55 per barrel.

At the same time, the publication noted that since July all the main Russian oil has traded above $ 60. The difference between export and import prices has also increased, which indicates that most of the trade in Russian oil goes into the hands of intermediaries and transport firms, which are often anonymous.

The publication states that the basic prices for oil have fallen in recent days, although OPEC+countries, including the Russian Federation, have promised to reduce the production of "black gold" in the first quarter of 2024. Against the backdrop of these statements, Russian oil Urals began to cheaper, which is trading with a discount.

By the way, in September, Bloomberg reported that the restriction of oil prices for Russia, which was introduced by the United States and allies at the end of 2022 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. At the same time, some petroleum products have exceeded the upper limit established by the United States, Seven countries and the European Union.