Possible Russian response to oil price ceiling revealed By Investing.com

Investing.com — Russia is considering setting a price level for international oil sales as a response to the restriction set by the G7 countries, Bloomberg writes, citing two sources.

According to the agency interlocutors, Moscow is considering imposing a fixed oil price or providing maximum discounts on international benchmarks at which they can be sold.

Russia is seeking to offer oil buyers a transparent pricing mechanism, adhering to a market approach to counter restrictions, one of the agency's interlocutors said. The source noted that Moscow does not want to set against itself the states that buy Russian oil, putting pressure on them through non-market steps.

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Text prepared by Timur Aliev


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