At current gas prices, the price cap costs ‘only’ 4.7 billion

NO If gas prices remain at current levels, the cost of the energy cap will be billions lower than expected. The cabinet will therefore lose 4.7 billion euros, reports the Central Planning Bureau (CPB). News time. This amount is significantly less than the tens of billions that the emergency measure would cost in a very … Read more

Putin issued the decree with countermeasures to the oil price ceiling

Russian President Vladimir Putin has signed a decree to counter the Western-imposed cap on Russian oil prices. The decree banned deliveries from February to buyers who had adhered to the restrictions. The document was released on Tuesday, the TASS news agency reported. The supply of Russian oil and petroleum products to foreign legal entities and … Read more

Russia will not sell oil at prices set by the West

Russian Finance Minister Anton Siluanov has not ruled out the possibility of Russia limiting oil production. He was adamant that the decision of the Russian Federation not to supply oil at prices determined by the West is a matter of principle… This was reported by the TASS news agency. We will not supply oil under … Read more

Despite the price cap, you spend much more on energy

NO ANNOUNCEMENTS•today, 18:12 Eva Wiessing Economics journalist Sjoerd Mouissie Data journalist Eva Wiessing Economics journalist Sjoerd Mouissie Data journalist The price cap will help many households reduce their energy bills, but if your consumption is above that limit, there’s a chance you’ll pay more than you pay now. The large energy companies Essent and Vattenfall … Read more

The West blames Turkey for tankers stranded in the Bosphorus

Turkey is responsible for blocking tankers in the Turkey Strait. This was stated by Western officials quoted by the “Financial Times”. They specified it most of the tankers stranded in the Black Sea come from Kazakhstan and are not covered by the price cap. These disruptions are the result of Turkish governance, not the price … Read more

G7 oil price cap on Russia takes effect Russia launches missile attack | Price ceiling | Oil | Russia-Ukraine conflict

[The Epoch Times, 5 dicembre 2022](Full report by Epoch Times reporter Li Yan) Group of Seven (G7) ships to Russiaoillimit priceEffective Monday (December 5). Ukraine said Russia launched a new round of missile strikes on the same day. The West is trying to limit Moscow’s ability to support its war in Ukraine through price caps. … Read more

$60 a barrel? The EU is negotiating a price ceiling for Russian oil

Last week the G7 discussed a price cap for Russian Ural crude. The cap discussed ranged between $65 and $70 per barrel. However, Poland, Lithuania and Estonia have objected, arguing that Russian oil is already being sold cheaper. Thus, on Thursday, EU representatives discussed a lower level of the ceiling. “The new level that is … Read more