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The United States and its allies agreed to two maximum prices for oil products from Russia KXan 36 Daily News

Date: March 27, 2023 Time: 07:45:59

The maximum price for products with a premium on crude oil will be $100 per barrel, and for products with a discount on crude oil – $45 per barrel, writes RIA Novosti, citing the document. It is noted that the price restrictions will begin to apply on February 5, 2023 or “very shortly after that date”.

Recall that on the eve of the EU permanent representatives approved similar maximum prices for petroleum products before the final approval by the EU Council.

Earlier, US Treasury Secretary Janet Yellen acknowledged that setting new price ceilings for Russian oil products turned out to be “more difficult” than for oil. At the same time, she did not rule out that changes to these measures are possible over time.

Meanwhile, in Russia, on February 1, in accordance with the decree of the President of the Russian Federation, a ban on oil supplies to countries that set a ceiling on Russian oil prices came into force. Until July 1, 2023, the sale of oil is prohibited if the supply contracts directly or indirectly provide for the use of a price cap mechanism.

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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