By Victor Duda
About it writes Al Jazeera. According to the newspaper, in October 2022, that is, two months before the embargo, Russia produced more than 9. 7 million barrels of oil a day, second only to Saudi Arabia. In addition, according to the International Energy Agency (MEA), Russia is the world's largest oil and oil exporter.
But after the introduction of the embargo and ceiling of oil prices, within which the G-7 country, the European Union and Australia pledged to buy Russian oil no more expensive than $ 60 per barrel. Russia risks losing both the market for sale, but also part of its income. It should be noted that the Kremlin is funding for the sale of oil in Ukraine, spending money earned to increase the potential of its army.
The Kremlin has already stated that the restrictions would not be observed and even ready to reduce oil production. And the largest oil buyers in Russia - China and India - have not committed themselves to adhere to the oil ceiling. Earlier, Focus wrote that President of Ukraine Volodymyr Zelenskyy expressed his dissatisfaction with a new ceiling price for oil from the Russian Federation of $ 60 per barrel.
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