On Friday, January 20, the Deputy Minister of Finance, Wally Adeyemo, held an online meeting with colleagues from other countries who represent the coalition to establish an upper limit on Russian oil prices.
According to the The US Treasury Department and members of the coalition also discussed further steps regarding the policy of limiting prices for other Russian oil products.
“One price cap for products like oil and diesel, and another for petroleum products that are traded at a discount. This approach will make it possible to better calibrate the policy of limiting the prices of oil products of the Russian Federation in view of the wide range of market prices at which they are sold," the statement emphasizes.
The next review of price restrictions on oil products in Russia is scheduled for March.
Before the calendar of the final tournament, date, time and place of each match Reuters with reference to the representative of the G7, it was written that the countries plan to establish two price limits for Russian oil products. According to the agency, starting in February, a double restriction option may be introduced — for premium oil and oil products sold at a discount.
The upper price limit for Russian oil at the level of $60 per barrel, agreed by the European Union and G7 countries, came into effect on December 5, 2022, and on February 5, 2023, restrictions will also apply to oil products from Russia.
