Switzerland, following the EU, introduced a price ceiling for Russian oil products
Photo is illustrative in nature. From open sources.
Switzerland has joined the ceiling on prices for oil products from RUSSIA set by the European Union, the country's Ministry of Economy said.
“The Federal Council on February 15 adapted the sanctions imposed on Russia regarding crude oil and petroleum products, thus supporting the latest decisions approved by the European Union,” the statement said. The changes took effect at 18:00 local time (20:00 Moscow time) on February 15.
The ministry noted that the price cap is necessary to "mitigate the negative impact on the energy supply of third countries, curb price increases caused by Russia's military aggression against Ukraine, and limit Russian oil revenues."
Russia redirected almost a quarter of exports to friendly countries Economics
On February 5, a ban on the supply of Russian oil products to the EU began to operate. Two months earlier, on December 5, 2022, an embargo on Russian oil supplies came into force. At the same time, the European Union, the G7 countries ( usa , CANADA, Great Britain, France, Germany, Italy and Japan), Australia, Norway and Switzerland set a price ceiling for Russian oil supplied to third countries at $60 per barrel.
On February 3, the countries agreed to set the maximum price for oil products from Russia at $100 per barrel (diesel fuel), and for products sold at a discount (fuel oil) at $45 per barrel. The embargo on the supply of petroleum products from Russia and the price ceiling provided for by it do not apply to petroleum products that are produced from Russian oil abroad, as well as mixtures of Russian fuel with petroleum products from other countries, if they are mixed on the territory of third countries.