Home News The United States announced plans to limit Russia’s oil revenues

The United States announced plans to limit Russia’s oil revenues

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US Deputy Treasury Secretary Wally Adeyemo said that the main task of the US authorities is to limit the revenues that Russia receives from the sale of oil. According to him, this is due to the fact that by selling smaller volumes of raw materials, Russia receives more profit due to rising oil prices.

“We know that today Russia is selling less oil per barrel than before the invasion of Ukraine, but due to rising prices, it can make more profit. Therefore, our goal is to reduce the level of Russia’s oil revenues, despite the fact that countries can continue to buy Russian oil,” Mr. Adeyemo said at a hearing in the Congressional Senate Appropriations Committee (quoted by TASS).

According to the Deputy Secretary of the Treasury, one of the ways to reduce Moscow’s oil revenues could be price restrictions on oil. “The goal is to lower the price they (the Russian side. —“b”) may be installed in the future when selling crude oil,” he said. To cap oil prices, the US will work with other countries to establish a uniform level of acceptable prices, the official said.

According to the forecast of the US Department of Energy, the production of liquid hydrocarbons in Russia in the first quarter of 2022 will decrease from 11.3 million barrels per day (bbl/d) to 9.3 million bbl/d. in the fourth quarter of 2023. According to Rosstat, in April 2022, Russian oil companies reduced oil and gas condensate production by 11.5% compared to March, to 41.1 million tons.


More news in Telegram channel “Kommersant”.

Anastasia Larina

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