Tag: ban
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Moscow extends the ban on the sale of Russian oil and its derivatives
Moscow announced the extension of the ban on the sale of Russian oil and its derivatives, within the price ceiling previously imposed by the Group of 7 and European Union countries, in December (2022). The decision issued by President Vladimir Putin, today, Monday, June 26 (2023), extends a decree that took effect on February 1,…
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Russian refiners will not reduce their production despite the ban on diesel exports
Russian refining companies have fallen into a huge crisis, after Russian diesel has been included in the European ban list since February 5, 2023, as part of the tightening of sanctions imposed on Moscow. Although observers expect Moscow to resort to the option of reducing production in response to the sanctions, Russian companies will not…
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Attempts to ban Russian oil did not raise global prices despite the European Union’s hardening (article)
Read in this article • EU discussions focused on a range of $65-70 per barrel as a maximum • Poland and the Baltic countries saw that the price of 65 dollars per barrel was very generous to Russia • The continued drop in Crude Oil prices last week was somewhat surprising • The OPEC+ alliance…
