Teller Report

US Treasury: Russia's oil export embargo to the US will continue after the introduction of the price ceiling

9/9/2022, 10:36:39 PM

The United States will not buy Russian oil after the introduction of a price ceiling for it, according to the US Department of the Treasury.


“This ban will remain in force,” RIA Novosti reports.

It is noted that the price ceiling for Russian oil will be set by all countries that agree to the application of the new mechanism.

On September 2, the finance ministers of the G7 countries agreed to impose a ceiling on the price of oil from Russia.

In particular, the G7 will ban ship insurance for carriers of Russian oil at prices exceeding the established threshold.