WSJ узнала о нежелании Байдена снижать потолок цен на российскую нефть

16.03.2023
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WSJ узнала о нежелании Байдена снижать потолок цен на российскую нефть
Photo is illustrative in nature. From open sources.
WSJ learned about Biden's unwillingness to lower the price ceiling for Russian oil.Earlier, the assistant to the HEAD of the US Treasury spoke about the intention of the EU to lower the ceiling to $55

US President Joe Biden, in a conversation with the head of the European Commission, Ursula von der Leyen, said that the G7 countries do not intend to adjust the price ceiling for Russian oil, which is currently set at $60 per barrel, writes The Wall Street Journal, citing sources.

According to the newspaper's interlocutors, the US position "ruinates the hopes of some European capitals for tougher Western sanctions this month."

The WSJ writes that U.S. officials believe the current price cap is "generally working as intended." At the same time, the US Treasury specified that, if necessary, the US will change the restriction "to better achieve its goals."

Experts interviewed by the newspaper believe that over time, RUSSIA will inevitably weaken the effectiveness of restrictions, since already now Moscow is actively restructuring the logistics of its oil products, avoiding Western companies. “The current price cap mechanism depends on whether Russia uses the services of the G7, so the leverage that the US and the G7 have will not last forever,” Eddie Fishman, a senior fellow at the Center for Global Energy Policy at Columbia University, told the WSJ. According to him, the main goal of the price cap is to cut Moscow's revenues in the short term.

EU and G7 price ceiling of $60 per bbl. of Russian oil for deliveries by sea began to operate on December 5. On February 5, a ban on the supply of Russian oil products to the EU also began to operate. At the same time, the embargo on the supply of petroleum products and the price ceiling provided for by it do not apply to products that are made from Russian oil abroad, as well as mixtures of Russian fuel with petroleum products from other countries, if they are made on the territory of third countries.

Following the imposition of sanctions on Russian oil, President Vladimir Putin signed a decree on retaliatory measures that prohibits the supply of Russian oil and petroleum products to foreign citizens and companies if the contracts "directly or indirectly provide for the use of a price cap mechanism."

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Supplies of oil and oil products from Russia to the G7 countries and the EU in 2021 amounted to 214.7 million tons for a total of $109.5 billion. This is 68–70% of the total EXPORT of these goods to the world market. Despite this, Russia managed to reorient a significant part of supplies from Europe to Asia, experts noted.

Earlier that the EU intends to revise the cap on the price of Russian oil in favor of lowering, said Assistant Secretary of the Treasury for Economic Policy Ben Harris. According to him, in March, the US and EU authorities will study how the price ceiling mechanism for Russian oil products works, and the EU may lower it by $5.

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