Supporters of limiting prices for resources from the Russian Federation agreed to differentiate the ceiling depending on the category of petroleum products. This was announced on Friday, January 20, by the US Treasury Department.
This issue was brought up for discussion during a virtual meeting between Deputy Treasury Secretary Adewale Adeyemo and foreign colleagues.
“Deputy ministers agreed to an approach to processed products that would introduce two separate ceilings in addition to the ceiling on crude oil prices,” the document said after the talks.
It is proposed to set one limit for products that typically trade at a premium to crude oil (diesel or gasoline) and another for products that trade at a discount, such as heating oil.
Earlier, on January 12, it was already reported about plans to introduce a double price ceiling for Russian oil products.
Also in early January, experts interviewed by Izvestia expressed the opinion that the situation on the global energy market in 2023 would remain uncertain against the backdrop of gas and oil price ceilings imposed by the West, as well as anti-Russian sanctions. The cost of oil may reach the level of $100 per barrel, and gas – $1.8 thousand per 1 thousand cubic meters. m, they say.
On December 5, 2022, an embargo on Russian oil supplied by sea to the European Union (EU) came into force. The EU states have agreed on an adjustable price ceiling for energy from Russia, transported by sea, at $60 per barrel.
In response, Russian President Vladimir Putin on December 27 signed a decree on retaliatory measures to introduce a ceiling on prices for Russian energy resources. According to the document, the supply of oil and oil products to foreign legal entities and individuals is prohibited, provided that these supplies directly or indirectly provide for the use of a price fixing mechanism.
Western countries decided to reduce dependence on Russian energy resources against the backdrop of a special operation of the Russian Federation to protect the population of Donbass. However, as a result, a serious energy crisis began in the European region.
