Azerbaijani economist Natik Jaafarli confirmed that Russia’s ban on the sale of oil and its derivatives to countries that have set a ceiling on purchases will be subject to tangible consequences of this move, which will increase Russia’s revenues.
“The price ceiling will affect companies that provide and provide logistics services for Russian oil,” he said.
He noted that, given the price level of recent weeks, Russia has not lost anything as a result of the decision of the countries on the ceiling.
He stressed that the impact of Moscow’s tightening control over the sale of Russian oil to countries that have joined the sanctions and introduced a price ceiling will be very tangible.
President Vladimir Putin has issued a decree banning the export of oil and petroleum products to countries that would comply with the ceiling on Russian oil prices set by Western countries as part of their sanctions against Russia.
Experts emphasize that the price ceiling will affect only those countries that have introduced it, and will lead to an increase in oil prices, which will increase the income of Russia, which has increased fuel exports to China, India and other friendly countries at promotional prices.
Source: RT