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Effects of US Sanctions and Oil Prices on Russian Economy

In general, the estimated price for Urals on FOB terms for delivery from the Baltic to India on November 17 fell to $58-59 per barrel.

“Prices for Urals have come very close to the price ceiling and in some cases are lower, this is an obvious trend,” said the agency’s anonymous interlocutor.

US sanctions against Russia

The US imposed sanctions on Russia in electronics in response to a full-scale invasion of Ukraine in 2022. These sanctions are aimed at limiting Russia’s access to advanced technologies and components necessary for the production of electronics.

In October, the United States imposed sanctions due to violations of the price ceiling for the sale of Russian oil.

In early November, the United States introduced a new package of sanctions against Russia. The restrictions included banks, Lancet developers and members of the Russian government.

Read urgent and important messages about Russia’s war against Ukraine on the channel RBC-Ukraine on Telegram.

2023-11-17 21:16:07
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