USA: The US-led price cap coalition will set two different price caps, depending on the category of Russian oil products, according to a statement issued by the US Treasury Department on Friday.
The parties also decided to review the price cap for Russian crude oil, which came into effect last month, according to the statement that took place between Deputy Treasury Secretary Wally Adimoh and deputy ministers of other G7 countries, EU states was released after a meeting. , and Australia.
"Deputies approved a refined product strategy that would implement two separate caps in addition to the crude cap: a cap for products that typically trade at a premium to crude, such as diesel or gas oil, and a cap for For products that are commonly traded at a discount on crude oil, such as fuel oil.
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Given the wide range of market prices at which these products trade, deputies agreed that this approach would better calibrate a price cap policy for refined products.
The coalition imposed a price cap on Russian oil exports by sea in December, preventing Western businesses from offering insurance and other services to ships carrying Russian oil unless the cargo reached a predetermined price of $60 a barrel. Not bought at or less than. Russian oil product price controls are now due to take effect from 5 February.
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Moscow has strongly opposed any plans to impose price caps on its exports. According to a decree signed by Russian President Vladimir Putin last month, deliveries of Russian oil and petroleum products are restricted to countries that explicitly or implicitly mention price limits in their contracts.
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