India will be able to buy oil from Russia above the price ceiling

US Treasury Secretary Janet Yellen

US Treasury Secretary Janet Yellen

©Rod Lamkey – CNP/Consolidated News Photos/Global Look Press

US Treasury Secretary Janet Yellen said the United States would not oppose Indian purchases of Russian oil above the price ceiling. However, the country should not use the services of Western companies for this.

These services include insurance, transportation and financial services. According to the minister, in any case, it will not be easy for Russia to find buyers for this fuel if it is abandoned in Europe, informs TASS.

Yellen also noted that the United States will not oppose not only India, but also China and African countries to negotiate the price of oil with Russia.

Earlier it was reported that the G7 countries agreed on a “ceiling” for oil prices from Russia. The coalition partners decided to review the fixed cost regularly and change it as needed. Restrictions on oil will come into force on December 5, for oil products – from February 2023.

The President of the Russian Federation, commenting on these agreements of Western countries, said that Moscow was not going to sell oil to foreign states if this would be contrary to its own interests.

However, the United States believes that Russia will still be interested in the sale of oil and in the context of the introduction of a “ceiling” of prices for this energy carrier.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button