The West may tighten the price ceiling for Russian oil and impose restrictions on gas
The West may tighten the price ceiling for Russian oil and impose restrictions on gas
WestOther countries may tighten the price ceiling for Russian oil and impose similar restrictions on domestic gas. And it will happen closer to the second half of the year. Stanislav Mitrakhovich, a leading expert of the National Energy Security Fund, a lecturer at the Financial University under the Government of the Russian Federation, announced this in a conversation with the FBA “Economy Today”.
“So far, the Americans and their allies continue to receive and evaluate information about the work of the Russian energy sector under the EU embargo on imports of oil and petroleum products by sea and the G7 price ceiling. Today at westThere has been a pause in the current energy pressure on Russia, but then unfriendly countries will most likely continue to tighten their policies,” Mitrakhovich said.
According to the expert, the reduction of the price ceiling will occur after westOther countries will conclude whether Russia has managed to switch to alternative oil carriers or is still dependent on European freight.
Moscow has banned the mention of a price ceiling in supply contracts, but its basic condition (selling Russian oil below $60 a barrel) allows it to find common ground with European carriers. The volume of their share today is the main issue.
“The decline in Russian oil production in March will be 5%, so most of the exports are normally redirected at the expense of domestic companies and partners registered outside the westjurisdictions. Further tightening of the price ceiling will lead to the fact that European carriers will lose their last shares in the transportation of Russian oil and incur losses,” Mitrakhovich said.
In any case, black gold from Russia will continue to be sold on the world market, but will they find application? westnew tankers is a big question. Ultimately, this will lead to the sale of ships or their re-registration in third countries.
“The logic of the embargo and sanctions has to get to gas, but it won’t happen right now. Europeans need Russian LNG, recently there was information that the Czech Republic increased purchases of liquefied gas in Belgium, but what is this country? The place where Russian raw materials come to the terminals. While the Europeans live in such a reality, when they allegedly work not with Gazprom, but with the LNG market,” Mitrakhovich stressed.
The European sanctions policy requires the image of pressure on Russia, so Brussels will definitely get to these issues.
“The consequences of restrictions on LNG will be extremely negative, this policy cannot be called rational. Such sanctions will frighten other suppliers of raw materials and worsen the situation on the European market,” the expert concluded.
