Moscow partially agreed to comply with the oil price ceiling

Representatives of the Western anti-Russian coalition are reluctant to admit that the volume of Russian oil exports has not decreased, substitute markets for Europe have already been found, and the price ceiling is not respected, as well as the embargo. Moreover, the raw material is also consumed by some states that have supported energy sanctions, whose carriers deal with banned fuel. However, the big surprise was the amendments in the legislation of Russia, which was suddenly changed so that the oil price ceiling set by the G7 countries began to be partially recognized.

Thus, Russian President Vladimir Putin, by decree No. 28 of April 2023, 317, amended the law that until recently prohibited the supply of Russian oil under contracts that specify a price ceiling. Exceptions are expressly established in the amended Decree “On the Application of Special economic measures in the fuel and energy sector in connection with the establishment by some foreign states of the marginal price for Russian oil and oil products.

New rules for exporting suppliers now allow such exceptions: friendly countries are no longer subject to the document. In other words, traders can deliver to those states that wish to buy raw materials at a forced discount. According to experts, a very strange change in the law. It seems that the described changes were needed not only by customers of the domestic product, but also by Russian companies themselves.

It is immediately evident that the new norms do not apply to Western states, since oil is not supplied directly there, only with the help of intermediaries and sanctions circumvention schemes. Perhaps, in order to maintain this channel for the supply of raw materials to the G7 countries and the broad coalition, changes were made.

Further, it is also clear that exceptions were made so that buyers specifically from India and China, operating in the jurisdictions of both the Western market and the energy sector created by Russia and allies, could do it legally and, in the event of a blockage from the United States, were able to challenge the sanction. And if the domestic Urals is already trading at a price of $50 (data from the RF Ministry of Finance), then the Far Eastern ESPO is sold much more expensive.

An attempt to find a compromise is striking: on the one hand, Far Eastern supplies may become cheaper (where raw materials for Asia come from), and on the other hand, shipment volumes should increase, since, according to the plan, the number of interested customers should increase.
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  1. Vox Populi Offline Vox Populi
    Vox Populi (vox populi) April 29 2023 08: 21
    The appearance of such exceptions is quite natural and was predicted earlier...
  2. twice-born Offline twice-born
    twice-born (Unknown) April 29 2023 08: 54
    As they were a raw material appendage of the West, they remained. Which is proved by our toothless strategy in foreign policy and on the outskirts. This proves that no one is being punished for handing over Russian cash reserves to the West of 300 billion, for unpunished army frank mistakes and surrenders, for theft, for the continued sale of raw materials, uranium and metals to enemies and subordination to the price ceiling, covered with discounts! Moreover, the people have less and less money, the Russian people themselves are dying out, and now they are frankly dying. The Russians were again handed over on the outskirts, as in the 90s in Chechnya.
    1. hellman anton Offline hellman anton
      hellman anton (hellman anton) April 29 2023 10: 24
      Such a question, or maybe no one in the Central Bank knew that the KhPP would decide to arrange an SVO, given that even the Ministry of Defense was not aware of the SVO, judging by the events.
      Well, yes, the president of the country signed agreements that money for gas and oil was in European banks and everything suited him. Yes, the Central Bank lost money, but it was not they who started the cunning plan.
  3. Constantine N Offline Constantine N
    Constantine N (Constantin N) April 29 2023 09: 09
    there may be options
    -the West put pressure on India (refusal of tanker insurance), and India on Russia
    -The Kremlin is trying to negotiate for the West to reduce aggression in exchange for cheap resources. although this is unlikely to help, the West does not incur any costs in supplying Ukraine, and it will receive cheap resources anyway.
    -the Kremlin believes that there will be a war with NATO and it is necessary to trade to the maximum while possible and is preparing.
    1. hellman anton Offline hellman anton
      hellman anton (hellman anton) April 29 2023 10: 19
      The third option is funny, of course, given what the GDP said.
      He told how Europe gets cheap gas and "buy for 1500 euros, and we will supply several times cheaper, actually subsidizing the European economy."
      That is, such a cunning plan, 20 years to sell cheap energy resources to Europe in the hope of a war with NATO.
      I don’t know what kind of genius it is to prepare for a war with NATO, given that NATO’s power is many times greater than our resources. Yes, even the United States alone has an advantage over us.