Indoreetalk
International News

Russian crude oil will be very cheap! After the European Union, the G7 fixed this much price

highlights

Decision to freeze the price of Russian oil at $60 per barrel
Stopping the rise in global oil prices after G7 and EU sanctions is also a reason
Russian Ural crude oil trading at around $67 a barrel

washington, The G-7 group of rich democracies and Australia on Friday decided to freeze the price of Russian oil at $60 a barrel as part of Russia’s policy of being more strict on its limited resources. According to a report by the news agency AFP, after stopping Russian oil at $ 60 per barrel, the G7 group said in its joint statement that the price per barrel of crude oil of Russian origin coming from the sea will come into force on or after December 5. .

The statement further said that the G-7 is fulfilling its resolve to prevent Russia from profiting from the war against Ukraine, support stability in global energy markets and mitigate the negative economic effects of the war. The purpose of this price cap is to reduce Russia’s income from the sale of oil, while also preventing the increase in global oil prices after the G7 and EU sanctions on Russian crude oil.

Russia will suffer economic loss due to price cap
The imposition of a price cap of $60 for Russian Ural crude oil, which is trading at around $67 per barrel on Friday, is likely to cause significant economic damage to the Russian economy. However, many countries buying oil from Russia are expected to get a lot of relief from this.

Let us tell you that India bought about 40% of the total Ural crude oil export quantity from Russia in November. Economies like India are getting a lot of help from Russian oil available at cheap prices.

Tags: crude oil prices, G7, Russia, russia ukraine war

,

Source link

Find our other website for you and your needs

Kashtee A shayari,Jokes,Heath,News and Blog website.
Your GPL A Digital product website
Amazdeel Amazon affiliated product website.
Job Portal A Job website
Indoreetalk Hindi News website
know24news A auto news website in English and Hindi.
Q & Answer website A website for any query and question.
Quotes A Christmas Quotes.
New Year QuotesNew Year Quotes
Cricket News website A website for cricket score online and upcoming matches.
Government job A Government job announcement portal.
Gaming Information Website A website for Gaming lover.
international news Website A website for News lover
Normalpost A guest post website and Blog website.
Sniper Gun Adventure World game A Game for your entertainment.
A news website A Game for your entertainment.
Bollywood and Hollywood news A website Bollywood and Hollywood viral news .
Health Tips Website A website for Health related issue and some idea for health .
Share Market Website A website for share market news and some viral news related to IPO, Currency, Commodity market, Banking and finance.
Baby care Product website A website for your baby product.
Technology Website A website for new launching technology and mobile also gadgets Website.
International News information Website A website for News Lover.
Cheap Hosting Website A website for who want to search a cheap hosting for their website and blog.

Related posts

Pakistan | On the last day of the year 2022, the army chief of Pakistan cried his sorrow, said – the country is going through a delicate phase.

indoree

… so will Bolsonaro be expelled from America! Demand of American MPs, said- cancel the visa

indoree

An old man won a lottery of 16.5 crores, then asked the people – what should I do with the money?

indoree

Leave a Comment