Moscow, December 07 (QNA) – Russia is considering three options after the European Union and the G7 nations imposed a price cap on Russian oil.
In response, the Russian government is considering banning oil sales to all countries that supported the restriction. This option would also ban sales through intermediaries, not only directly from Russia.
The second option being considered would prohibit exports under contracts that include the price ceiling condition, regardless of which country is the recipient.
The third option would set maximum discounts of Russia’s Urals crude to international benchmarks for sales to be allowed.
The $60-per-barrel price cap, set by the G7 nations, the European Union and Australia, came into force on Monday as they try to limit Russia’s ability to finance its military operations against Ukraine. (QNA)