g7-countries-plan-to-tighten-rules-for-russian-oil-imports

G7 countries plan to tighten rules for Russian oil imports

 • 28234 переглядiв

The G7 countries will tighten the rules on price restrictions for Russian oil imports, requiring importers to provide confirmation on a cargo-by-cargo basis that it complies with price restrictions, rather than for the duration of transportation contracts.

Starting December 20, the Group of Seven (G7) countries  will tighten the rules for limiting the price of Russian oil imports, Nikkei reports, UNN writes.

Details

It is noted  that shipping and insurance companies working with oil sellers will have to obtain confirmation from the importer for each cargo that it complies with the price caps.

Previously, confirmation was required for each period of validity of transportation contracts.  Now a written confirmation is required for each load.

Importers suspected of exceeding the ceiling price will be required to provide detailed information on the costs associated with export procedures, transportation costs and insurance premiums.

As noted, the Group of Seven countries, the European Union, and Australia have agreed to tighten restrictions.

Recall

The price ceiling on Russian oil was introduced  in December 2022 in response to Russia's invasion of Ukraine. Its goal is to reduce Russia's revenues from oil-producing countries and reduce funding for Russian military operations.

Перероблена російська нафта і далі потрапляє в Британію через "лазівку" – ВВС05.02.24, 19:30

Popular

Germany calls for sanctions against russian nitrogen fertilizers

 • 115160 переглядiв

Austria allocates additional 10 million euros for humanitarian aid to Ukraine

 • 118237 переглядiв

Sweden and Iran exchange prisoners with the mediation of Oman

 • 102948 переглядiв

News by theme

G7 countries plan to tighten rules for Russian oil imports

 • 28234 переглядiв

IAEA: some ZNPP employees refuse to sign contracts with Rosatom

 • 29033 переглядiв

The Biden administration intends to veto a bill that would allow aid only to Israel

 • 28637 переглядiв

Trump says he wants to hold an immediate debate with Biden

 • 26717 переглядiв

Occupants intensify artillery pressure on Nevske and Bilohorivka in Luhansk region

 • 26105 переглядiв

British cargo ship attacked in the Red Sea

 • 28344 переглядiв

Drone attack reported in Russian Belgorod region: what is known

 • 27212 переглядiв

Four ports in Russia are under a state of emergency: they fear UAV attacks

 • 26693 переглядiв