Three-quarters of Russian oil supplies do not use Western services, US Treasury Assistant Secretary for Economic Policy Ben Harris said at a speech at the American Enterprise Institute.
He clarified that restrictions on prices for oil and oil products from Russia are valid only if the export of fuel from the Russian Federation is carried out using Western insurance and other services.
Mr. Harris during his speech also said that the EU, the US and the G7 countries in March plan to consider the possibility of lowering the price ceiling for petroleum products to $5 below the market price.
On December 5, the price limit for Russian oil at $60 per barrel came into force, and on February 5, for oil products at $100 per barrel. On March 6, Estonian Foreign Minister Urmas Reinsalu called for a two-fold reduction in the price ceiling for oil from Russia, to $30 per barrel.
