A new cap on the price of Russian oil will "immediately cut into Putin's most important source of revenue," the US has said.which was officially approved by Western allies on FridayThe cap stops countries paying more than $60 a barrel for seaborne exports of Russian crude oil.Low and medium-income countries that have been heavily impacted by high energy and food prices will particularly benefit from the cap, Ms Yellen said.
The European Union approved the price cap - which needed the agreement of all its member states - on Friday, after persuading Poland to back it. Warsaw had wanted the value to be as low as possible and had held out while it examined an adjustment mechanism which would keep the cap below the market rate as the price of oil changed.
The agreement of a price cap comes just days before an EU-wide ban on Russian crude oil imported by sea comes into force, also on 5 December.Countries that sign up to the G7-led policy will only be permitted to purchase oil and petroleum products transported via sea that are sold at or below the price cap.
They said that in March.
Lmao price caps on a commodity won't happen. The West can try but it's just going to end in shortages.
Yeah yeah yeah we’ll see.
ZelenskyWarCriminal
The BBC pumping out propaganda. How unusual.
This will just drive up the price of oil, he will only make more money because he will sell oil to china and india anyway and europe will have to buy more expensive oil somewhere else which might still be russian oil from india 😂
Will it make the diesel for my car cheaper? Probably not. So who cares. 🤷♂️
Guarantee the next news reports will be suspected Russian sabatage on oil fields... Usa manufacturing an excuse to attack Russia With the backing of nato and Western Europe. Si shallow these political moves.
Seems unlikely. How does that effect direct sales at open market value in rubles to China or India?
The Conservative party should stop taking his money.
the price of oil is a false price as Saudi can open the taps and plunge oil prices to rock bottom
Will sell through India like he is doing
Want a fight?
It will hit normal people around the world more. Russia even if it became an isolated country, has enough land and resources to not need external trade or at least be able to ride it out longer than what most normal people who are going to be affected by this will.
Did I miss your coverage of Hunter's laptop?
Nothing will hit putin not sanctions not anything-the brick economies are working in unison&doing very well-the west is paying heavily for this nonsense - oligarchs sitting happily in the middle eastern Countries &well protected - don’t listen to msn - it lies - stopsanctions
If there can be price cap imposed on Russian oil why can’t a price cap be put on every oil producers oil. Same for gas and other essential commodities .
Let's stay FOCUSED on the government-funded child trafficking, shall we?
The BBC are tweeting about frogs and crocodiles while the biggest story about election interference ever is trending. Is it because the BBC are biased? Is it because they are Peedo enablers? Both are true. DefundTheBBC
His surrender is imminent?
How will it affect Russia if Putin refuses to sell oil to the EU lol. He has non EU and western countries which he sells oil to
No it won't. The US has been trying to get Russia to invade for years, so Russia became self-sufficient. Sanctions are crushing the UK & EU. The US is deindustrializing Europe & profiting from our demise. Whilst our tax money is funding this:
I thought we weren't buying Russian oil? 🤔
if it can work, why not to set $15? its more affordable
Торгівля з Путіним -накачка бюджета війниРФ
Ha ha ha ha!!!!! Solo la BBC se cree ese Cuento Gringo-Europeo ajajajjajaja. Lo mismo dijeron de las 'sanciones'
😂 😂 😂 No it won't, if its below the same rates as the rest of the World, he can complain or just turn of the taps, but then that would suit the usa who I'm sure would be happy to step up production and make a shed load of money from over inflated prices while the world suffers
You will only see the price of oil hit $300 per barrel. Your economy will collapse. 😄 🤣 😂 😆 😄 🤣 😂
Ukrainian women are preferred by British men. One guy dumped his British wife for a Ukrainian refugee. Is this why UK is preventing Zelensky from talking to Putin? More war, more Ukrainian women refugees for British men tired of their British wives?
Should make it $20 not $60
Screw the US.. Putin is in the right and Ukraine is evil.. we know the only reason Biden and the Dems protect Ukraine is to protect their secrets.. where is the 20 billion Laundered back to dirty politicians that's where
Order is enforced to stem disorder.
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