/ world right this moment information/ On October 3, Russian Deputy Prime Minister Alexander Novak said that Russia won’t promote oil inside the framework of the worth cap mechanism beforehand imposed by the G-7 and the European Union, however will respect market costs.
In December 2022, the EU and the G7 imposed an embargo and capped the worth of Russian seaborne oil exports to $60 per barrel. In February of this yr, the EU and the G-7 launched comparable restrictions on the export of Russian oil merchandise.
#Russia #promote #oil #value #cap #mechanism
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