The United States allowed financial transactions with Russian oil to a number of European countries

. In addition, the US Treasury decoupled oil from the price ceiling, "substantially reworked" outside of RUSSIA.Also, the cost of its transportation will not be included in the marginal price.

The United States, after the introduction of a price ceiling for Russian oil, will allow financial transactions related to its supplies to Bulgaria, Croatia, as well as to a number of landlocked countries of the European Union, according to the published general license of the US Treasury Department.

“All [financial] transactions <...> related to the import of crude oil to Bulgaria, Croatia or landlocked European Union member states are permitted,” the document says.

In addition, the introduction of a marginal price for the purchase of Russian oil does not cancel the already introduced ban on its import into the United States, the Finance Ministry said.

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Another general license states that the oil price ceiling will not apply in case of significant processing of Russian oil outside the country.

At the same time, according to the document, restrictive measures do not apply to actions that are “needed to respond to emergencies on ships related to the HEALTH or safety of the crew, environmental protection, including safe docking or anchorage, urgent repairs or rescue operations." Also, the US authorities will not interfere with the unloading of Russian oil if it is "necessary to respond to an emergency situation on the ship."

The price ceiling itself will be set after a "technical exercise," the Finance Ministry said in a statement. At the same time, in case of “forced or unintentional” purchases of Russian oil above the ceiling, the United States will have to issue a special license for such activities.

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BLOOMBERG learned about the transition period after the oil price ceiling from Russia Politics

After the start of the special operation in Ukraine, the G7 countries agreed to impose a ceiling on oil prices from Russia. The restrictions include "a ban on insurance and financing of tankers carrying Russian oil at a price above the agreed limit." In October, the introduction of this measure was approved by the European Union, it will come into force on December 5 for crude oil and from February 5, 2023 for petroleum products. The price ceiling has not yet been agreed upon: initially, a range of $40-60 per barrel was discussed, but later the US Treasury Secretary Janet Yellen proposed setting a limit of $60, as this would reduce Russia's energy revenues, but at the same time ensure profitable production.

According to The Wall Street Journal sources, the price ceiling for oil from Russia may be agreed on November 23. The restriction will take effect December 5. The interlocutors of the newspaper noted that the price ceiling could be set at the level of about $60 per barrel, and at the level of $70. As reported by Bloomberg, the European Union wants to introduce a 45-day "transition period" for the ceiling on Russian oil prices.

Russian Deputy Prime Minister Alexander Novak previously warned that with any price ceiling, Russia would not supply raw materials to countries that would take this step. President Vladimir Putin spoke about the same . According to him, Russia will not supply energy to countries whose authorities will make political decisions that contradict the terms of contracts for the supply of oil or gas.