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Ivan Timofeev: What does the West's 'oil price cap' mean for Russia and how will Moscow respond?
After months of back and forth, the scheme finally begins as questions remain about how it will work in practice Monday is D-Day for the West’s attempt to place a price cap on Russian oil exports. In building up pressure on Moscow, the US and its allies will use their considerable experience of restrictions against Iran. Tehran continues to survive under the sanctions, although it…
Russia doubles down on oil price warning
Moscow will only deal with nations “that will work with us on market conditions,” Alexander Novak said Russia won’t sell oil at the $60 price limit agreed by the EU and G7 nations, Deputy Prime Minister Alexander Novak said on Sunday. Novak added that Moscow is “working on mechanisms” to bypass the price cap. The EU agreed to cap the price of seaborne Russian oil…
G7 and allies approve cap on price of Russian oil – BBC News
The G7 group and its allies have officially approved a cap on the price of Russian oil. In a joint statement, the G7 and Australia said the price cap would come into force on 5 December or “very soon thereafter”. The plan, which stops countries paying more than $60 (€57; £48) a barrel, needed the agreement of all EU states. It comes after the EU…
EU has agreed price cap for Russian oil – Poland
Russia has repeatedly warned that it will not sell the fuel to countries that participate in the scheme The EU has agreed to cap the purchase price of seaborne oil from Russia at $60 a barrel, Polish ambassador to the bloc Andrzej Sados confirmed to Reuters, after several media reports cited anonymous sources to that effect on Friday. The deal was reached after Warsaw and…
Ukraine war: G7 and allies approve cap on price of Russian oil
The G7 agrees a cap of $60 a barrel on exported Russian crude, after the EU gave its backing. The post Ukraine war: G7 and allies approve cap on price of Russian oil appeared first on Rich TVX News Network. The post Ukraine war: G7 and allies approve cap on price of Russian oil appeared first on .
Ukrainians complain over Starlink price hike
Monthly charges and the price of the dish are set to increase, according to an email customers reportedly received Ukrainian Starlink users are demanding answers from CEO Elon Musk over a proposed price hike to their satellite internet, according to several tweets posted on Tuesday. Dimko Zhluktenko, the founder of an NGO devoted to supplying the military with Starlink dishes, condemned the $10 price increase…
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