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Norway, as part of tougher sanctions, imposed a price cap on Russian crude oil of $60 per barrel. This is stated in a statement on the website of the country's Foreign Ministry. The statement notes that the decision was made following the relevant decisions of the European Union and the G7. It is explained that the purpose of this measure is "to reduce Russia's revenues from the sale of crude oil ...

The preparation of Russia's response to the restriction on the price of Russian oil introduced by Western countries is being completed, Presidential Press Secretary Dmitry Peskov said. “Preparations are being completed,” the Kremlin spokesman replied to the question of how the preparations for the response were going. According to him, the decision will be announced in an "appropriate" way. The pr...

Anton Siluanov The introduction of an oil price ceiling is a non-market measure that will have implications for the global market, Finance Minister Anton Siluanov said, TASS reports. “It is clear that these are non-market mechanisms. The West has always urged us to use transparent, market-based measures influencing the economy. You can’t deceive the market: if there is regulation somewhere, .........

Popular Japanese printers Kyocera were excluded from the list of goods allowed for parallel import. The reason is that, according to the authorities, the manufacturer has resumed deliveries to Russia. But the company insists The Ministry of Industry and Trade has excluded the Japanese printer manufacturer Kyocera from the list of goods allowed for import under the parallel import scheme (that is, ...

The head of the European Commission announced the content of the ninth package of sanctions against Russia. She did not name specific companies and individuals, The European Union proposes to introduce restrictions against 200 individuals and legal entities as part of the ninth anti-Russian sanctions package, said European Commission President Ursula von der Leyen. According to her, the list will ...

The head of Rospotrebnadzor, Anna Popova, said that the most dangerous strain of influenza, which causes the most severe damage to health, has “seriously” come to Russia. She assured Swine flu, which causes serious damage to health, this year came to Russia "in earnest". This was stated by the head of Rospotrebnadzor Anna Popova in an interview with Naila Asker-zade in the Vesti program. “Yes, the...

Even before the embargo on Russian oilRosneft increased its exports to Asia by a third in the first 9 months of the year, compensating for the decline in supplies to Europe.Embargo and price ceiling for raw materials from Russia came into force in the EU on December 5 Over the past January-September, Rosneft increased hydrocarbon production and successfully optimized distribution channels, Igor Se...

Among the options, according to the newspaper, are a complete ban on the sale of oil, a ban on exports under contracts that include a price ceiling condition,as well as determining the maximum discount of Russian Urals oil to the reference grade Brent The authorities are considering three options for a response mechanism to the introduction by the G7 countries and the European Union of a price cei...

The newspaper notes that the ban will include investments in mining in Russia, as well as transactions with three more Russian banks. New, already the ninth, The European Union may impose sanctions against the mining industry in Russia, reports citing its own sources Financial Times. “The European Commission will propose a ban on new investment in the Russian mining sector as part of a new package...

The newspaper notes that the ban will include investments in mining in Russia, as well as transactions with three more Russian banks. New, already the ninth, The European Union may impose sanctions against the mining industry in Russia, reports citing its own sources Financial Times. “The European Commission will propose a ban on new investment in the Russian mining sector as part of a new package...

The international community must make "constructive efforts" to secure global oil supplies, Chinese Foreign Ministry spokesperson Mao Ning said at a briefing, Sina reported. “Oil is one of the key commodities, it is extremely important to ensure the security of global supplies of this energy carrier. We believe that all parties should make constructive efforts to this end,” said a Chinese Foreign ...

Russia is in the process of adapting to the sanctions, it is fixed by experts, said the press secretary of the President Dmitry Peskov, RBC correspondent reports. So he commented on the words of German Chancellor Olaf Scholz that the effectiveness of restrictions against Russia is growing. “Certain problems, of course, arise due to sanctions, but so far they have not been critical. And here you ca...

The Alliance upheld the current plan to reduce oil production by 2 million barrels. per day. The decision was made against the backdrop of an unstable market situation, including due to the entry into force of the embargo and the oil price ceiling.From Russia OPEC+ has decided to maintain the current oil production plan, which provides for a 2 million barrel per day (bpd) reduction in production f...

According to the sources of the newspaper, the new sanctions list may include 180 items,and the package of restrictions can be adopted as early as next week The ninth package of EU sanctions against Russia may include restrictions on the financial, technology and media sectors, the Politico newspaper learned. According to the newspaper, 18......

West has fixed a cap on Russian oil pricesat $60, but experts fear that the ceiling could harm European energy markets much morethan Russia itself

Brussels needs to realize that such measures harm the European economy,considers Hungarian Foreign Minister Peter SzijjártóHungarian Foreign Minister Peter SzijjartoHungarian Peter SzijjártóHungarian Peter Szijjártó Hungary has achieved an exemption from the application of the Russian oil price ceiling , which was previously agreed by the G7 countries, the EU and Australia, said Foreign Minister P...

Reuters previously wrote that Poland was in favor of limiting prices for Russian oilat $30 per barrel, and Greece at $70. Poland's ambassador to the EU confirmed that the country had agreed to a limit of $60 per barrel. Poland has agreed to support the EU plan to cap oil prices from Russia at $60 per barrel with a price review mechanism, Reuters reports citing a statement by Poland's permanent rep...

Western countries agreed on a ceiling on oil pricesfrom Russia to reduce its ability to finance military operations in Ukraine. Moscow said that it would not supply raw materials to countries The EU countries have agreed to impose a ceiling on oil prices from Russia at $60 per barrel, the European Commission announced on December 3. It took European countries more than a week to agree on the price...

The Polish oil refinery Orlen has applied for the purchase of 3 million tons of Russian oil in 2023,wrote "Kommersant" with reference to sourcesAlexander NovakAlexander NovakAlexander Novak Poland's actions regarding oil supplies from Russia are "a theater of the absurd," Deputy Prime Minister Alexander Novak told reporters. Kommersant, citing sources, previously wrote that the Polish oil refinery...

Svetlana Bartosh Member of the Standing Committee on Budget and Finance of the House of Representatives The draft law "On changing the laws on taxation" is at the final stage of preparation for consideration by deputies in the first reading. Interested ministries and departments were involved in the preparation of the document. As expected, already on December 7, the bill will be presented in the ...

Svetlana Bartosh Member of the Standing Committee on Budget and Finance of the House of Representatives The draft law "On changing the laws on taxation" is at the final stage of preparation for consideration by deputies in the first reading. Interested ministries and departments were involved in the preparation of the document. As expected, already on December 7, the bill will be presented in the ...

Svetlana Bartosh Member of the Standing Committee on Budget and Finance of the House of Representatives The draft law "On changing the laws on taxation" is at the final stage of preparation for consideration by deputies in the first reading. Interested ministries and departments were involved in the preparation of the document. As expected, already on December 7, the bill will be presented in the ...

Foreign companies face difficulties in liquidating branches in Russia, often the process drags on for months, business consultants said.Another problem is the ban on head offices from paying taxes to the Russian budget. Many Russian branches of foreign companies and firms with foreign founders that have begun the liquidation procedure are faced with delaying this process for a long time due to int...

The amount of frozen funds may increase if they fall under European sanctionsnew faces or identifying new contributions.In addition to assets in Switzerland, 15 real estate objects of Russian individuals and legal entities are blocked Since February 28, the Swiss authorities have blocked Russian assets in the amount of 7.5 billion Swiss francs, or about $7.95 billion, the State Secretariat for the...

G7 countries agree to set price ceilings for Russian oilin September. The discussion of the limit in the EU has been going on since November, The European Commission has asked the EU member states to approve a price ceiling for Russian oil at $60 per barrel, writes The Wall Street Journal, citing sources. High-ranking officials of the countries of the union began discussing this proposal on Decemb...

Lynn TracyLynn TracyLynn TracyLynn TracyLynn Tracy The candidate for the post of the new US ambassador to Russia, Lynn Tracy, said she supports the policy of tightening sanctions against Moscow. “I absolutely agree that the right course is to stay on track with sanctions , continue to tighten sanctions,” Tracy said at a hearing in the US Senate Committee on Foreign Relations. She called the introd...

The US is drafting a new package of sanctions on North Korea as Pyongyang continues to develop and test missiles, US national security adviser Jake Sullivan said during an online speech at a conference in South Korea, Reuters reported. “While we say we have a new set of sanctions measures,” Sullivan said, noting that against the backdrop of missile launches carried out by the DPRK and the United S...

Because of the sanctions, Severstal has already lost about $400 million, which is about 10% of its profit in 2021Alexey Mordashov The losses of Severstal due to the blocking of accounts and warehouses as a result of sanctions amounted to about $400 million, said the largest shareholder and head of the board of directors, Alexei Mordashov, RBC correspondent reports. “We, Severstal, lost about $4......

According to agency sources, most EU and G7 countries agree to this price, subject to certain conditions. Greece, for example, is seeking the option of reviewing the limit, The European Union is discussing setting a price limit for oil from Russia at $60 per barrel, Bloomberg writes, citing sources familiar with the matter. Previously, a $62 level was offered. Thus, the EU wants to reach an agreem...

Saudi Arabia warns: if China manages to cope with outbreaks of COVID-19 , and the world economy continues to recover, then the main oil producersunable to meet the increased demand.Is it so?