“We undertake to constantly monitor the effectiveness (of these mechanisms. - 

RT

) and their impact.

The coalition ... is committed to conducting a review of the crude oil price ceiling in March to ensure that it continues to achieve its two main goals, ”the text of a joint statement released by the US Treasury said.

It is specified that the coalition intends to reduce Russia's revenues while maintaining the stability of the energy market. 

At the same time, the United States and allies are ready to review and adjust the price limit if necessary.

Earlier, the coalition agreed on a price ceiling for oil products exported from Russia by sea at the level of $100 and $45 per barrel with a premium and a discount to oil.

It is specified that the price cap will take effect from February 5 or “very soon after that date.”

At the same time, from February 1, the decree of Russian President Vladimir Putin on retaliatory measures to the ceiling on oil prices from Russia from the G7 and the European Union came into force.

The head of state has banned the supply of oil and oil products from Russia to those who prescribe the maximum price for Russian energy resources in contracts.