“More difficult conditions are coming... Large players in the market, such as traders, are also changing.
Large traders, as you know, have left, today more traders are working than before, including the sale of Russian oil, ”he said.
At the same time, Novak did not rule out that, if necessary, in conditions of volatility, oil producers would reduce production, but in small volumes.
Novak also noted that Russia is changing supply chains for oil and does not see this as a tragedy.
Earlier it was reported that Australia and the G7 countries reached an agreement on the ceiling price of Russian oil at $60 per barrel.
The US Treasury noted that Russia will be able to sell oil within the established limit through G7 service providers or conductors outside the coalition, reducing sales.