The G7 states called on third countries that buy oil from Russia to use the price ceiling for this product. The corresponding statement was published on the German G7 portal.
“We reaffirm our decision that the ceiling price for petroleum products of Russian origin will come into effect on February 5, 2023“, the document notes.
It also says that the price limit was introduced to limit Russia’s profits in connection with the conflict in Ukraine.
Recall that the price ceiling for Russian oil agreed upon by the G7 countries and Australia came into force on December 5. Black gold will trade at $60 per barrel. This measure does not apply only to fuel supplies via the Druzhba oil pipeline.
Press Secretary of the President of the Russian Federation Dmitry Peskov stressed that Moscow would not accept the restriction imposed by the Europeans and would conduct a prompt analysis of the situation.
The Kremlin also stated that by this decision the European Union “endangered” its energy security and will continue to live without Russian oil. According to Permanent Representative Mikhail Ulyanov, the Russian Federation has previously clearly indicated its position. Russian President Vladimir Putin said that our country would not act contrary to its interests, and those countries that would impose a price ceiling would simply not sell oil.
