Russia overdone. What is happening around the price limit for Russian oil?
And everyone understands that without taking measures related to price limitation, it is impossible to resolve the issue of consumer protection and reduce Russia's financial revenues as an aggressor country. Russia has crossed the gas supply restriction. Now Europeans receive 20% of the volume they need. Therefore, gas prices in Europe have increased, and since electricity prices are attached to them, so the price of electricity has increased.
Therefore, everyone is looking for ways to protect the most vulnerable sections of the population and how to stop the frantic inflation that grows on a monthly basis. Video of the day I will say that no one hopes to supply oil from Iran. Iran's last response to nuclear -related proposals was disappointed by the US and the EU. And Iranian oil is not critical to the EU. It can receive oil from other countries.
Moreover, OPEC countries have already said that it was necessary to limit prey to keep prices. And the introduction of restrictions and the so -called Priskepa (price ceiling) will be difficult to move, because even within the EU you need to get the consent of all 27 EU members, and it is quite difficult in this case. Even given the special position of Hungary.
We need to understand now that the US and the United Kingdom should still negotiate with the main buyers of Russian oil, because without them the introduction of this Priskepa. India has already significantly reduced the purchase of Russian oil, and they buy oil in Saudi Arabia. China also has limited buying opportunities. But there is also South Korea and Asia as a region for the sale of Russian oil.
There is also a question of how well the Priskep will be governed in view of the need to relate this issue with insurance. Because if European and American companies are not insured without this Primeke, there are other companies that can take this opportunity if the general mechanism is not determined.
The idea of Priskepa was supported by the G7 on the initiative of the US and I think they are very serious, especially given that they are going to control it themselves with their secondary sanctions. As for the restrictions on oil earning. Now they earn not only those who produce and sell it, but also those who play oil prices in the financial markets.
Therefore, here is the question that Saudi Arabia is very negative about these Games in the financial markets and the fact that people who do not invest in production and do not risk markets, receive the biggest money, speculating financial instruments. There are also issues of insurance of ships that carry oil.
It is now saying that those who do not indicate the Primekep or price at the international level in the contracts, their cargoes should not be transported and that this oil should not enter the markets. And there are issues of secondary American sanctions. That is, it will be a comprehensive mechanism that should start operating on December 5.
What will Russia do with excess oil that he can no longer sell? It is known that they are already closed there, and people who work on these crafts are not interested in them. There are towns in Russia that are fully working for oil production. And, closing the wells, they now leave not only these people without work, but leave without work people who served these industries: construction, mechanical engineering. As far as possible and how effective it will be - time will show.
But I know that when Americans take up someone to cut someone, they know how it is done. And just Iran and Venezuela are those countries that have gone through American sanctions. Putin now uses all his levers to press on European society prices for electricity and gas, as well as military means to press on us in the Donbass and in the south.
And in the European Commission, they go on a counter -offensive in response to Putin's gas blackmail (and we go on a counter -offensive in the south) in order to stop the manipulations on the market, prevent the collapse of unity in the European Union in gas and electricity prices, which are artificially rising by the Russians. Indeed, for the European Union and European society, it is a very difficult period, as well as for us, but also different senses.