Oil and gas price ceiling: Russia will find new buyers in Asia
Reuters: if Europe refuses oil from Russia, Moscow will arrange supplies to Asia
Russia will sell oil to Asia if Europe refuses the offer
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Sanctions against Russia in general and the Urals in particular
Russia will not supply oil to the pocket, because Moscow will concentrate energy exports to Asian countries. This is stated by the participants of the energy market.
“It is unlikely that Russia will work with a price ceiling, it does not make sense for Moscow either politically or economically. “It’s much easier for her to make private deals than to make public deals dictated by the West,” Reuters told a Russian oil trader. It is expected that after the EU refuses oil from the Russian Federation, supplies to India, China and Turkey will increase, which, most likely, will not join the embargo.
According to the source of the Asian oil trading company, Russian suppliers are already paying more favorable terms: discounts on oil, insurance coverage, favorable payment terms and other benefits. Market participants said that in addition to China, India and Turkey, Russia prevents the supply of oil to smaller countries such as Sri Lanka and Cuba.
Because of the forced Ukraine special operations for demilitarization and denazification, Europe and the United States introduced a tough conference against Russia. Thus, the fifth package establishes a partial or complete ban on energy resources from the Russian Federation, and now the finance ministers of the G7 countries are agreeing on the introduction of a ceiling on prices for Russian oil and gas. Russian President Vladimir Putin said that the country will stop supplying energy resources to states that limit their prices.
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Russia will not supply oil to the pocket, because Moscow will concentrate energy exports to Asian countries. This is stated by the participants of the energy market. “It is unlikely that Russia will work with a price ceiling, it does not make sense for Moscow either politically or economically. “It’s much easier for her to make private deals than to make public deals dictated by the West,” Reuters told a Russian oil trader. It is expected that after the EU refuses oil from the Russian Federation, supplies to India, China and Turkey will increase, which, most likely, will not join the embargo. According to the source of the Asian oil trading company, Russian suppliers are already paying more favorable terms: discounts on oil, insurance coverage, favorable payment terms and other benefits. Market participants said that in addition to China, India and Turkey, Russia prevents the supply of oil to smaller countries such as Sri Lanka and Cuba. Because of the forced Ukraine special operations for demilitarization and denazification, Europe and the United States introduced a tough conference against Russia. Thus, the fifth package establishes a partial or complete ban on energy resources from the Russian Federation, and now the finance ministers of the G7 countries are agreeing on the introduction of a ceiling on prices for Russian oil and gas. Russian President Vladimir Putin said that the country will stop supplying energy resources to states that limit their prices.