Reduce Russia's revenue by hitting where it hurts the most while avoiding an oil shock.
This is the objective of capping at
60 dollars the price of a barrel of Russian crude transported by sea, while oil represents no less than 37% of the country's income.
The members of the G7, the European Union and Australia agreed on this level this weekend.
The announcement follows the agreement snatched from Poland on Friday by the Twenty-Seven.
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Moscow strongly criticized this measure.
Just like Ukrainian President Volodymyr Zelensky, who pleaded for a ceiling price of 30 dollars.
“It is not a serious decision to set such a limit for Russian prices, which is quite comfortable for the budget of the terrorist state
,” he stressed.
The price of Russian crude reached 69.45 dollars on Sunday morning, itself much higher than production prices.
This cap applies from Monday.
In G7 countries, EU countries and Australia, it is now prohibited to…
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