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The oil embargo against Russia has entered into force


5 December 2022, 17:52

The European Union officially stopped importing Russian oil delivered by sea and will try to set a price limit of $60 per barrel for other buyers.

Today, the EU embargo on oil supply by tankers from Russia enters into force, in parallel with the decision of the European Union, G7 countries, and Australia to ban the transportation and insurance of Russian oil worth more than 60 dollars. Russia, for its part, does not intend to supply oil under the conditions of a price ceiling, and against this background, experts do not rule out an increase in oil prices above $100.

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