The EU embargo on Russian oil comes into force on December 5.
From December 5, 2022, the EU embargo on Russian oil, which is transported by tankers, comes into force.
The upper level of prices for sea supplies of black gold is also beginning to take effect.
Recall that Russia acted as the main supplier of oil to Europe. The needs of the Old World in this resource were covered by about 20%.
However, as a response to its own, the West has begun to develop restrictions that are aimed, among other things, at limiting Moscow’s income from oil supplies.
Last summer, the European Union adopted another package of sanctions, which says about the gradual introduction of an embargo on oil supplies from Russia by sea.
Recently, the EU, and then the G7 countries and Australia agreed on the marginal cost of buying oil from Russia at $60 per barrel.
The adjustment of this mark is allowed, and the first procedure is scheduled for mid-January, but the unanimous support of all EU members is needed to change prices.
At the same time, oil produced not in the Russian Federation and not owned by an individual or legal entity in the Russian Federation can be transported in transit through Russian territory above the price ceiling.
Commenting on the EU initiative, Russian President Vladimir Putin said that our country will not supply anything abroad if it contradicts Russia’s interests.
Earlier, topNews wrote that the Parliament of Kazakhstan called Russia an unreliable partner.
At the same time, the country’s authorities intend to redirect oil bypassing the Russian Federation.