The Chinese newspaper South China Morning Post reported that Indonesia is likely to reject the US call for a cap on Russian oil prices.
The newspaper, citing analysts, pointed out that “Indonesia will most likely not support the price reduction mechanism, because this would mean the imposition of sanctions against Russia, and she does not want to interfere with such intensity.”
The newspaper added that the volumes of oil Indonesia imports from Russia are “small”.
The newspaper notes that this week, Deputy Secretary of the Treasury for Combating Terrorist Financing and Financial Crime Elizabeth Rosenberg visited Jakarta, where she met with officials from the Ministries of Treasury, Energy, Natural Resources, etc., as well as representatives of the business sector.
During her visit to Indonesia, the US official discussed “the war in Ukraine and efforts to mitigate its effects, including a possible ceiling on Russian oil prices.”
It is noteworthy that the United States is seeking to reduce oil imports from Russia due to the sanctions that they have imposed on Moscow against the backdrop of the Russian military operation in Ukraine.
Source: South China Morning Post.