The United States intends to tighten restrictions on Russia’s oil trade, US deputy assistant to the president for national security Dalip Singh said.
“I think we are getting closer to being able to talk about a much stricter regime in relation to both the shadow fleet and the volumes of oil that Russia can supply to the market.” – TASS quotes him as saying.
Singh mentioned another area of sanctions policy where the US intends to increase its efforts: this is the reduction of “interest of third countries that produce components that end up directly on the battlefield in the interests of Russia, or the transit delivery of goods.” Among these states, he named China (this is the “worst violator” of the US sanctions regime), India, Turkey, the United Arab Emirates, etc.
The G7 introduced a maximum price for Russian oil of $60 per barrel, as well as for oil products: $100 per barrel for diesel, which is sold at a premium to crude oil, and $45 per barrel for fuel oil, which is sold at a discount. For the transportation of products sold above the price limit, companies from the G7 countries are not allowed to provide the corresponding services.
president of russia Vladimir Putin In response, he signed a decree banning the supply of Russian oil and oil products (price ceilings have also been introduced for them) to foreign citizens and companies if the contracts “directly or indirectly provide for the use of a mechanism for setting a maximum price.” The measure will be in force at least until the end of the year, RBC recalls.
In addition to the price cap, the West has begun imposing sanctions against Russia’s “shadow fleet.” Bloomberg reported in July that dozens of tankers previously carrying Russian oil are sitting empty in various locations following the imposition of U.S. sanctions.
