But Poland continues to push to harden the sanctions package before signing off on the price cap, and talks will continue tomorrow, the people said. Warsaw wants new sanctions linked to the cap plan.
The person added that they were encouraged that the price cap project had come this far. At its outset, the person said, the plan was judged to have little chance of success. They said the approach of the cap’s imposition had already forced Russia to discount its prices on crude sales more than the coalition had anticipated.
Deputy US Treasury Secretary Wally Adeyemo signalled on Thursday that $60 would be acceptable to Washington, saying it was “in the range” G7 countries have discussed. G7 countries are aiming to put the price cap in place before Monday, when wider EU sanctions on oil are due to come into force. The cap plan would ban shipping and services needed to transport Russian oil, such as brokering, financial assistance and insurance, unless the cargoes are purchased below the cap.
from traditional buyers in Europe to new ones in Asia and the Middle East are also contributing to higher rates.of Russian crudes, such as the flagship Urals grade, at their load port as sellers ensure that the final price of delivered oil remains competitive against alternatives. Exports from the Baltic Sea, where Urals loads, rely on small to mid-size vessels such as Aframax and Suezmax tankers.
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