Chinese 100, 50, 20, 10 and 5 yuan bills and Russian 1,000 and 100 ruble bills - Sputnik International, 1920
Get breaking stories and analysis on the global economy from Sputnik.

United States, Allies Agree on Parameters of Russian Oil Price Cap: Reports

CC BY 2.0 / olle svensson / Oil barrel
Oil barrel - Sputnik International, 1920, 04.11.2022
MOSCOW (Sputnik) - The United States and its allies have reached an agreement on the conditions when the price cap will apply to oil from Russia, American newspaper reported on Friday, citing sources.
According to the report, the price cap will be applied only to initial sales to buyers on the land of seaborne Russian oil loads, which means that further resales would not fall under the rules. Intermediary sales of Russian oil at sea will also fall under the cap, however Russian oil that has been refined into petroleum products will not be capped.
An oil pumpjack in Tatarstan, Russia - Sputnik International, 1920, 03.11.2022
G7 Nations, Australia Agree to Set Fixed Price on Russian Oil Upon Concluding Cap Deal: Report
Earlier in the day, according to US media, the member nations of the Group of Seven (G7) nations and Australia have agreed to set a fixed instead of a floating price for Russian oil upon concluding the price cap deal later in November, while the initial price has not yet been set.
To participate in the discussion
log in or register
Заголовок открываемого материала