The proposed G7 "price ceiling" for Russian oil actually worked


The story of India's "uncertain" position on the issue of supporting the initiative of the G7 countries regarding the "price ceiling" for Russian oil seems to be coming to an end. In return for refusing an agreement with the West, Russia is ready to supply its raw materials to New Delhi at an even greater, unprecedented discount. By raising the problem to the level of international discussion, the Western countries of the G7 gave New Delhi a serious instrument of influence on Moscow, which was forced to look for a replacement for the European market.


The Indian newspaper Business Standard, citing its sources in the government of the country, reports that Russia has offered New Delhi another discount (in addition to the existing one) on oil if India does not support the initiative of the GXNUMX countries.

Russia's request is that we do not join the proposal to limit the cost of Russian oil. A decision on the issue will be made later. Our government is concerned about the unrest in Iraq, our main supplier of energy resources, so purchases from the Russian Federation are very important for providing raw materials

- quotes a representative of the Indian Foreign Ministry Business Standard.

In this case, the wishes of the Russian side are understandable. Moscow cannot refuse sales in Asia. India, in turn, is unwilling to stop buying domestic raw materials. Only now New Delhi is in a better position, the global discussion regarding the “price ceiling” has given the client an advantage over the seller.

Worst of all, the pleading position of Russia and, moreover, the ambiguous “posture” of the representatives of India indicate that only the mechanism proposed by the West to limit prices for Russian oil has actually been installed and is working. Trying to maintain one of the important export rules, Moscow itself is forced to reduce prices for a popular product, and to the level that the collective West would like to establish, it did not even have to persuade other states. At a minimum, India will soon receive future oil supplies under a contract with a "limiter" embedded in it.
  • Photos used: pxfuel.com
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  1. boriz Offline boriz
    boriz (boriz) 12 September 2022 11: 41
    0
    I hope we will soon recoup on grain and fertilizers.
  2. zzdimk Offline zzdimk
    zzdimk 12 September 2022 11: 50
    0
    Quote: boriz
    I hope we will soon recoup on grain and fertilizers.

    I wonder HOW? I understand that the Russian Federation is self-sufficient in terms of food and clothing. Big problems arise where there is innovation in technology, although, and here it is also fun.
  3. Colonel Kudasov Offline Colonel Kudasov
    Colonel Kudasov (Leopold) 12 September 2022 12: 10
    +8
    I'm not sure that the West can track the exact selling price of Russian oil if settlements with India are made in rubles or rupees. And you can say anything to the public.)
    1. Mish Offline Mish
      Mish (Misha) 12 September 2022 17: 27
      +1
      Quote: Colonel Kudasov
      I'm not sure that the West can track the exact selling price of Russian oil if settlements with India are made in rubles or rupees. And you can say anything to the public.)

      If the cost of a tanker exceeds the threshold, they simply will not insure it. And no one will be lucky without insurance.
  4. Paul3390 Online Paul3390
    Paul3390 (Paul) 12 September 2022 12: 24
    +6
    There is a non-obvious aspect here. It turns out - that Asia will receive energy resources cheaply, and the West - at exorbitant prices? Although Asia already hides European goods like a bull to a sheep. Yes - we will lose in money, but Geyropa? I think the consequences are yet to come.
  5. Pishenkov Offline Pishenkov
    Pishenkov (Alexey) 12 September 2022 13: 37
    +2
    ... well, that's fine ... we're not at war with the Indians, but with NATO. India will go uphill, we will have an energy market and much more, the rest of the world will look and join in too. Yes, we will sell at a discount, but not to our detriment. Stopping deposits is troublesome and extremely expensive, if not unrealistic - it's easier to burn them in torches. That's how sales happen. And not for dollars. But NATO with pull-ups, as Putin promised, will get everything at exorbitant prices from the Arabs. And they will earn. And the West, Europe specifically, will finally finish off its industry and energy. Question: in all this scenario, who will be the worst in the end? Us or them?
    1. Dukhskrepny Offline Dukhskrepny
      Dukhskrepny (Vasya) 12 September 2022 14: 09
      +5
      Yes, they all envy Russia because of oil and gas, and even more so our population.
      1. Pishenkov Offline Pishenkov
        Pishenkov (Alexey) 12 September 2022 18: 02
        +3
        As for whether they envy or not envy, I don’t know, we still have something to envy them, unfortunately ... but our business, as I understand it, at the moment is not to sell oil as expensive as possible to the West, but to win this very West in the war. Our war is not for life, but for death, if anyone has not yet understood. So it is necessary to sell oil to the Indians at least at cost, if this causes significant damage to the enemy. So all this crying about discounts for Indians and Chinese is pure nonsense and even enemy propaganda
    2. Benjamin Offline Benjamin
      Benjamin (Benjamin) 18 September 2022 20: 28
      0
      India's purchase request is 10 times less than Europe took
  6. GIS Offline GIS
    GIS (Ildus) 12 September 2022 13: 50
    +5
    it seems to me that someone is deceiving us (ordinary inhabitants), but simply "hang noodles" for unrest and fermentation in society.
    I will explain why it seems so to me: after all, it is clear that there are not so many oil suppliers on the world market, but there are a lot of buyers and a small cart. and it was not in vain that the Arabs sent the United States on foot erotic with their demand to increase production.
    I'm talking about "noodles", but it's not clear about reality.
    yes, with an increase in the price per barrel, the profitability of shale oil allows it to be extracted, which is what the Americans are trying to do (there was a wave of bankruptcies of shale companies) and squeeze the Russian Federation out of the oil market, but we MUST HAVE FULL CYCLE REFINING PRODUCTIONS.
    Why should we trade raw materials right and left, when we can trade PROCESSED products and use it in our products?
    1. Polente the Wanderer 12 September 2022 21: 15
      0
      https://russian-trade.com/statistics/by-product/mineral-fuels-oils-waxes/import/2021/
      commodity group 27.


    2. Pavel N Offline Pavel N
      Pavel N (Paul) 15 September 2022 22: 32
      +1
      Someone is written through a dash (someone, someone, someone, someone), but everything is correct - you need to trade processed products, not raw materials!
  7. Dukhskrepny Offline Dukhskrepny
    Dukhskrepny (Vasya) 12 September 2022 14: 08
    -2
    Constantly telling stories about "Soviet galoshes," Putin built his kingdom on laying gas and oil pipelines in all directions and primitively trades in raw materials: timber, grain, oil, gas, and blackmails them
  8. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 12 September 2022 14: 09
    0
    Many government entities can envy the position of New Delhi, Beijing and other partners of the Russian Federation - they conclude long-term contracts at below market prices and sell them at a small discount at market prices. As a result, everything is in its own interests - the Russian Federation has a stable sales market, India provides its own needs and income from resale, and the EU with oil and gas, and all other sanctioned goods of the Russian Federation at prices lower than those offered by the USA. If so, then only the USA can be the losers.
    1. ibn.shamai Offline ibn.shamai
      ibn.shamai (Vanya and the bear.) 12 September 2022 19: 03
      +3
      Not a fig of the USA is not a loser. Their goal was, by the hands of their sixes, to lower the EU, primarily the FRG, as a competitor and complete control over it, they achieved this. They closed our oil and gas pipelines and pumped their expensive oil and gas and weapons there. They threw a war game with Ukraine on Russia, so as not to interfere with them stirring up in Europe, they are not afraid of us. We don't have a chance against them yet!
      1. Vladimir1155 Offline Vladimir1155
        Vladimir1155 (Vladimir) 14 September 2022 09: 25
        +1
        there are always chances, especially for a country with resources and strong defenses .... but there is no mind
  9. Bulanov Offline Bulanov
    Bulanov (Vladimir) 13 September 2022 09: 40
    +1
    The Indian newspaper Business Standard, citing its sources in the government of the country, reports that Russia has offered New Delhi another discount (in addition to the existing one) on oil if India does not support the initiative of the GXNUMX countries.

    Here the main condition from Russia should be that the Indians do not tritely resell Russian oil to the West.
  10. Vladimir1155 Offline Vladimir1155
    Vladimir1155 (Vladimir) 14 September 2022 09: 22
    0
    the economic authorities of the Russian Federation are the fifth column, they still believe that the Russian Federation should live on exports (that is, depend on the West), .... at the same time, they intentionally crush and destroy domestic industry and agriculture at the behest of the IMF, although it seems that the IMF does not already decree? no one is going to reduce prohibitive taxes (gross above 100 percent) set by the IMF, therefore the industry is not developing and it is impossible to increase oil sales within the country ... compensated by local injections of state funding in several narrow areas
  11. sgrabik Offline sgrabik
    sgrabik (Sergei) 15 September 2022 18: 07
    +1
    Selling oil at a loss or at the border of its cost is simply ridiculous stupidity and it is unacceptable to agree to it, a discount is possible, and in this situation it is necessary to provide for, but this discount should bring, albeit minimal, but profit, and trading at a loss is more expensive for yourself.
  12. Boris S. Offline Boris S.
    Boris S. (Boris) 18 September 2022 08: 20
    +1
    The author hints that they will have to take Iraq and teach the Indians a lesson. Oil is 120 each, and also recall the exit from the Su57 project. And then he imagined himself the devil that
  13. Bubla Offline Bubla
    Bubla (bubla) 18 September 2022 09: 13
    0
    Life goes on, I hope in the future we will recoup, if only to write everything down, remember
  14. Understanding Offline Understanding
    Understanding (Alexander) 18 September 2022 17: 40
    0
    This is just one client. The rest will take at a high price or get nothing.