US Treasury Assistant Secretary Wally Adeyomo discussed this issue with colleagues from countries that apply a mechanism to cap the price of Russian sea-supplied oil.
And his interlocutors agreed with the approach, which involves the introduction of two maximum prices for refined oil products. One is for products that typically trade at a premium over crude oil, including diesel, and the other is for products that trade at a discount.
Let us remember that in February the new Western sanctions imposed against the Russian Federation and related to black gold will enter into force. The European Union will stop buying Russian oil products and ban their transportation by sea.
