Bloomberg reported, citing informed sources, that the US administration is forced to reconsider its plans to set a ceiling on Russian oil prices, and raise this ceiling, because it does not have sufficient support from other countries.
The agency notes that US officials were forced to lower their expectations regarding the price ceiling for Russian oil amid investor skepticism and increased risks in financial markets associated with market volatility and efforts by central banks to curb inflation.
US Treasury Secretary Janet Yellen and Washington’s European partners sought to set a ceiling of $40 and $60 per barrel of Russian oil, while the American side sought to bring the ceiling to a minimum.
According to Bloomberg sources, there is now talk that the ceiling will be closer to the upper limit, although some EU officials believe that this will allow the Kremlin to receive significant imports from oil sales.
Sources said that the G7 countries and Australia intend to stick to the price ceiling, while South Korea has told the G7 countries that it intends to stick to it. Representatives of the group seek support from New Zealand and Norway.
At the same time, it is clear that India and China do not intend to participate in these plans.
Data from the International Energy Agency shows that last September Russia received $15 billion from oil sales. The average price of Russian Urals oil last month was $74 per barrel.
Source: Bloomberg