Kremlin Says It Hasn’t Seen Cases of Oil Price Caps

[Epoch-Times-Bot]

Kremlin Says It Hasn't Seen Cases of Oil Price Caps

MOSCOW—The Kremlin said on Wednesday it had not yet seen any cases of price caps on Russian oil imposed by the West last month, in comments about possible losses from such measures.
Some analysts have previously said that the caps will have little immediate impact on the oil revenues that Moscow is currently earning.
Currently, Russian flagship Urals crude blend, is traded below the price cap level of $60 per barrel, imposed by the West as part of the sanctions against Moscow over its military actions in Ukraine.
“As far as the losses are concerned, no one has especially seen the caps yet,” Kremlin spokesman Dmitry Peskov told reporters in a daily briefing....

Source: Kremlin Says It Hasn't Seen Cases of Oil Price Caps

[xenzol]

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