Price ceiling will reduce Russia’s oil revenues

Price ceiling will reduce Russia’s oil revenues

Von der Leyen shared a video about the decision of the EU countries to impose a maximum price on Russian oil from his social media account.

Recalling that the EU and the G7 countries will impose a comprehensive import ban on seaborne oil from Russia from December 5, von der Leyen said: “Today, the EU, the G7 and other global partners have agreed to impose a world limit on oil. transported by sea from Russia, he agreed. he used the phrase.

Von der Leyen stated that the oil price cap will strengthen the effect of sanctions against Russia, saying, “The price cap will further reduce Russia’s revenue.” he said.

Von der Leyen argued that the price cap in question will stabilize the global energy market, saying that EU companies can provide various services to the Russian oil trade as long as they are traded below the price cap.

Von der Leyen stated that the cap price will benefit developing and developing economies and stressed that the cap price can be adjusted again in time according to market developments.

EU countries agreed today to apply a maximum price of $60 per barrel to oil transported by sea from Russia. (AA)

Source: Sozcu

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