Norway follows the EU in introducing a cap on Russian oil prices

Norway, as part of tougher sanctions, imposed a price cap on Russian crude oil of $60 per barrel. This is stated in a statement on the website of the country's Foreign Ministry.

The statement notes that the decision was made following the relevant decisions of the European Union and the G7. It is explained that the purpose of this measure is "to reduce Russia's revenues from the sale of crude oil to third countries." At the same time, Norway opposes the price ceiling for Russian gas. Oslo believes that this will only exacerbate the energy crisis in Europe.

The Ministry of Energy rejected the conclusions of analysts of the Central Bank on the impact of the ceiling on oil prices Politics

Norway is itself an oil exporter. The country is also the second gas exporter for the EU after Russia, which supplies the bloc with about 40% of the fuel (155 billion cubic meters last year), Bloomberg noted. Total exports from Norway are expected to rise to 122 bcm this year. m, the agency notes. Bloomberg reported in June that the European Union had reached an agreement with Norway to boost natural gas supplies.

Earlier, the G7 countries, the EU and Australia agreed on the introduction from December 5 of a ceiling on prices for Russian oil supplied by sea at the level of $60 per barrel for ships and subordinate territories at their disposal. The Kremlin has already stated that the authorities are preparing a response to this decision.