Discount on Russian oil exceeded 40%

February 3 2023 31

The Ministry of Finance of the Russian Federation reported that the size of the discount on Russian oil continues to increase and has already exceeded 40%. The average price of Urals oil in January was $49,48 per barrel, while the budget was made on the basis of the Urals oil price forecast in 2023 in the amount of $70 per barrel.

In 2022, the Ministry of Finance planned a budget deficit for 2023 of almost 3 trillion rubles, or about 2% of GDP. However, at such a price of Russian oil, the budget deficit could grow to 6 trillion rubles. According to economists, until discounts on domestic oil stabilize, it is practically useless to make forecasts about the size of the deficit.

The discount on the sale of the Russian grade Urals to the average world prices of Brent at the beginning of the year was about $35, or 41%. Russian Deputy Prime Minister Alexander Novak said that the situation with oil production and its export from Russia is stable, despite the sanctions of the European Union and the G7 countries. According to him, discounts on Russian oil do remain high and in line with the price ceiling set by the West.

Russia responded by banning its companies from selling oil if there is a ceiling condition in the contracts. According to Alexander Novak, for violating this order, companies will be banned from exporting oil. Experts also believe that it will be extremely difficult for domestic companies to control the implementation of the instructions.

It was previously reported that from February 5, 2023 enter due to European sanctions and the price ceiling for Russian oil. It turned out to be problematic to sharply increase the export of oil and oil products to Southeast Asia by sea due to the British orientation of the international shipping insurance system and the shortage of specialized vessels of its own merchant fleet.

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kriten

+3

3 February 2023 17: 03

Giving it away for free? maybe there is another way out? And all the hangers-on around the government shouted that the sanctions would not work.
1. Vladimir80
  
  +3
  
  3 February 2023 17: 19
  
  they hang noodles on our ears from the screens with a loud cry, and they shoot it with such small articles, and even then - on the Internet!
  1. mgero
    
    +7
    
    3 February 2023 17: 26
    
    The same noodles are enough here.
  2. Zheka Dubov
    
    0
    
    7 February 2023 08: 54
    
    From what screens?
2. Zheka Dubov
  
  0
  
  7 February 2023 08: 54
  
  And whose hanger are you?
Irek

0

3 February 2023 17: 55
We trust our president...

Unlike defective alarmists.
1. syndicalist
  
  -3
  
  3 February 2023 18: 30
  
  Everything goes according to plan! This is how it was planned a year ago.
Sergey Latyshev

+4

3 February 2023 18: 12

Cleverly.
They renamed the "price ceiling" to "discount" and now they are driving cheap to NATO.

Next to it is an article that China does not have time to raise quotas for resellers, and together with oil they allegedly distill fuel oil according to parallel quotas ...
1. syndicalist
  
  -1
  
  3 February 2023 18: 56
  
  Right! Why not sponsor Hymars producers? Its own people.
  1. Constantine N
    
    +1
    
    3 February 2023 20: 05
    
    Well, you can proudly not sell oil and leave the budget without money at all. everyone who is on the sidelines is trying to cash in on the war ...
Vlad Sirs

+5

3 February 2023 20: 19

The West has found an excellent tool for stabilizing world energy prices at the expense of the Russian Federation. The price ceiling for Russian oil and gas seizes Moscow's excess profits, which could be used for war, and on the other hand, the world economy is sponsored by cheap energy sources, again at the expense of the Russian Federation.
1. Zheka Dubov
  
  0
  
  7 February 2023 08: 55
  
  Yep, at your expense.
In passing

+3

3 February 2023 21: 13

And what? Go give up? And on whose terms? And then someone hopes that they will, conditionally, drink Bavarian, right? They won't let them die, but they need someone to work on the pipes. I agree that the Kremlin did not calculate a lot of things, but in any case, Russia is like a bone in the throat, and if not, then they will put pressure on it anyway to put it in a stall. The Americans are taking out competition everywhere, whether it's the Germans in Iraq, or the French in Australia, or import duties or carbon credits. Vietnam, Cuba, Afghanistan, Iran, Syria survived, but why can't Russia? That's why I say that everything is still ahead, and 1941 too.
1. Constantine N
  
  0
  
  3 February 2023 21: 17
  
  yes it's all right. but the only problem is that the West does not strain at all and continues to live, earn money, develop ... And soon they will begin to supply Ukraine with more modern weapons than Russia has to supply ...
  1. Zheka Dubov
    
    0
    
    7 February 2023 08: 56
    
    Are you stressed out too much? Don't burst
2. Vlad Sirs
  
  -2
  
  3 February 2023 21: 38
  
  The West is implementing a strategy to compensate for Ukraine's military capabilities in confronting the RF Armed Forces. The goal is to convey to the Kremlin leadership the idea of the inability and impossibility of achieving military goals by the Russian army. When the Kremlin comes to accept this reality, there will be nothing left but peace negotiations. Moreover, it seems that this understanding already exists in Moscow.
  1. Zheka Dubov
    
    0
    
    7 February 2023 08: 56
    
    Right. Give up!
3. Alexander Dobry
  
  0
  
  4 February 2023 03: 41
  
  Prior to this SVO, there was no question of turning Russia into the non-countries you listed above. And I do not want Russia to turn into a third world country because of the chronic liar that we have been talking about a powerful army for many years. He spread corruption and theft everywhere, ruined the army, and now he is covering his ass with the bodies of the mobilized!
  1. Zheka Dubov
    
    0
    
    7 February 2023 08: 57
    
    Have you been mobilized for a long time?
4. syndicalist
  
  -2
  
  4 February 2023 07: 31
  
  Quote: In passing
  I agree that the Kremlin did not calculate a lot of things,
  
  I did not calculate the circumstances that were completely obvious to almost everyone. But now, for some reason, he has grown wiser, and now he will calculate everything to the tune.
vlad127490

+4

3 February 2023 22: 50

All fossil resources, including oil and gas, are owned by the oligarchs, the comprador authorities of the Russian Federation, their interest is only a personal pocket.
1. syndicalist
  
  0
  
  4 February 2023 07: 38
  
  No no. The TV says it's "public property"
  1. Zheka Dubov
    
    0
    
    7 February 2023 08: 57
    
    Yeah. Especially under Hodor everything was yours
2. Zheka Dubov
  
  0
  
  7 February 2023 08: 57
  
  They used to be yours
Alexander Dobry

+4

4 February 2023 03: 29

I remember how half a year ago everyone giggled and proved to me that Russia would not sell below the price ceiling, although even then it was that everything was serious and it would be necessary to prepare. As a result, the most that our insignificance could come up with is so simple to forbid mentioning the price ceiling in contact. Like if you don't mention it then it doesn't exist. Did nothing to prevent gigantic damage.
1. Constantine N
  
  0
  
  4 February 2023 11: 15
  
  only three buyers. two of which are US allies. try to negotiate. A clash with NATO was inevitable, and for this they created it. It is clear that it has been prepared properly for 15 years ...
2. The comment was deleted.
The comment was deleted.
Vox Populi

-1

4 February 2023 20: 04

Not only unbiased experts warned about the adverse impact of sanctions, but also ordinary sober commentators. No matter how agitprop dodges, including the army of trolls, restrictions of various kinds could not but harm our economy, it just manifests itself in different segments with different intensity and speed...
1. Nelton
  
  -1
  
  4 February 2023 20: 13
  
  Quote from Vox Populi
  Warned about the adverse impact of sanctions
  
  Yeah, and they differed only in scale -
  The economy will be completely torn to shreds, or there will be something like Venezuela, with coupons, deficits and strict quotas / distribution of the remaining resources ...
  
  However, a year has passed, and so far not so bad.
2. The comment was deleted.
lord-palladore-11045

-1

4 February 2023 20: 48

Given that the president signed a decree to counteract this ceiling, and the discount on oil sales increased by 40%, the question arises - for whom does Putin himself work?
1. Zheka Dubov
  
  -1
  
  7 February 2023 08: 58
  
  Not on your masters
obar64

+1

4 February 2023 21: 01

We are having a war of survival, whose economy can last longer. Yes, you can slam the door and refuse to supply oil at such prices, and then we will get not only problems with the sale of gas for export (and this is about 100 billion cubic meters, which Gazprom has nowhere to put now), but also problems with trade oil and oil products, which will also have nowhere to go. The most effective option is to close the domestic market for all countries that are part of a coalition with the United States and support sanctions. In this case, our imports will drop sharply and, accordingly, the need for obtaining the currency that we receive by selling oil at a low price. We continue economic relations with countries that did not support economic sanctions, but we do not accept extortionate discounts in the supply of our energy resources through intermediaries. Yes, it may take a month to shake the air in the Western press, but the result can be achieved in this way. And if we silently continue to give away oil and oil products for a pittance, then in 2-3 months the price limit for our oil will be lowered further, gradually tightening the noose, then again. It is necessary to make tough decisions now, and not to pull the cat by the tail.