Bloomberg learned about three options for restrictions on Russian oil

According to the agency, three main options are being considered, including an embargo, setting a price cap and creating a “payment mechanism to retain revenue”

US and European officials are negotiating to limit oil imports from Russia, as well as to reduce the country's income from the sale of energy resources, according to Bloomberg, citing sources.

According to the interlocutors of the agency, three main options are being considered: the imposition of an embargo, the establishment of a cap price and the creation of a “payment mechanism to retain the proceeds” that Russia has received since the start of the military operation in Ukraine.

At the same time, as writes agency, the US fears that the embargo on Russian oil by the EU will lead to a sharp rise in prices and increase Russia's income from supplies. It will be easier for countries to reach consensus on a limited oil ban than on an embargo on diesel and other products, according to one Bloomberg source.

Western countries, including the EU and the US, have already introduced several packages of sanctions against Russia because of the events in Ukraine. The restrictive measures affected the reserves and assets of the Central Bank, large Russian banks, the export of technological products, the supply of aircraft and spare parts for them, as well as access to European financial markets, etc.

The United States has already banned energy imports from Russia. The European Union, within the framework of the fifth package of sanctions, refused to import coal from Russia, but gas and oil were not affected by the restrictions.

According to Reuters sources, the Baltic states, including Lithuania, are in favor of the oil embargo. At the same time, Germany warned against hasty decisions in this direction due to high energy prices in Europe. As noted by the agency, Germany more than other European countries depends on Russian gas and oil.

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Amid Western sanctions, Russian President Vladimir Putin instructed to speed up the reorientation of oil and gas exports. We are talking about the implementation of infrastructure projects: railway, pipeline, port, & mdash; which, according to the president, “in the coming years will allow redirecting oil and gas supplies from the West to promising markets” to the south and to the east. At the same time, it is necessary to provide for the construction of new oil and gas pipelines from the fields of Western and Eastern Siberia, he noted.


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