“This means that European shipping companies will not be able to transport oil products to third countries: from Russia, for example, to India or the Middle East if the contract price is higher than the ceiling,” he explained.
According to the analyst, Russia will see that it is becoming increasingly difficult to work with the West.
“Russian exporters will continue to move away from contracts with Western shipping companies.
Some more period will pass, several months, and we will see that there will be less and less transportation by European companies, ”Mitrakhovich concluded.
The United States and allies have agreed on a price limit for Russian oil products at the level of $100.
It is specified that the price cap will take effect from February 5 or “very soon after that date.”
Earlier it was reported that on 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.