The US Treasury has threatened with sanctions companies that will purchase Russian oil at a price higher than the limit set by Washington and its partners.

This is stated in a document published on the website of the US Department.

“Persons who purchase significant volumes of oil at a price exceeding the (established. -

RT

) threshold and use the services of suppliers who are known to be subject to the marine services policy, or persons who knowingly provide false information, documents or certificates to such a supplier, may thus violate the provisions of the policy regarding maritime services and may become the object of sanctions restrictions, ”the Ministry of Finance warned.

At the same time, as First Deputy Secretary of the Treasury Adewale Adeyemo explained, we are talking about restrictions, which are implied by the domestic legislation of states that have decided to impose a limit on the cost of Russian oil.

“Those who bypass the price cap by using forged documents or otherwise concealing the true origin or value of oil will face the consequences provided for by the domestic laws of countries using the price cap,” the US Treasury Department press service quoted him as saying.

At the same time, the document of the American financial department emphasizes that the West plans to introduce a limit on the marginal cost of Russian oil from December 2022.

“As a member of a coalition of nations, including the G7 countries and the EU, the United States will implement a policy for a wide range of services related to maritime transportation (“offshore services policy”) of crude oil and petroleum products originating in Russia (“Russian oil transported by sea").

This ban will come into force on December 5, 2022 for the transportation of crude oil by sea and on February 5, 2023 for oil products, ”the US Treasury said.

The ministry clarified that restrictions on oil transportation services imply a ban on insurance and financing of ships involved in the transportation of raw materials.

At the same time, as Adewale Adeyemo explained, Washington is aware that Moscow can use such services from companies located outside the G7 states and other allies of Washington.

“We are well aware that Russia can find suppliers outside the G7 countries and other members of our coalition to provide maritime services blocked by the EU ban,” Adeyemo said.

However, according to him, the providers of maritime services that are required to transport oil are largely concentrated in the EU and G7 countries.

The First Deputy Secretary of the Treasury of the United States said that 90% of insurance companies are located in these states, as well as most of the firms that provide financial and payment services for the fuel trade.

  • US Treasury

  • AP

  • © Patrick Semansky, File

In addition, according to the representative of the US Treasury, “creating infrastructure outside the coalition will cost Russia more,” which will only play into the hands of Washington, since, according to the official, the money from the sale of oil is used by the Russian Federation to conduct a special military operation in Ukraine.

"Dictate and arbitrariness"

In turn, the US State Department turned to the Russians, who support the position of the Russian authorities regarding the NWO.

“I keep repeating that “tomorrow” the Russians will only get worse.

Those who choose to support the Kremlin's line are increasingly likely to suffer some sort of repercussions.

There are no specific details on how and when we will take action yet, but ... we will continue to work on sanctions, ”said James O’Brien, head of the US State Department’s Office of Sanctions Coordination.

Earlier, on September 7, speaking at a plenary session of the Eastern Economic Forum, Russian President Vladimir Putin drew attention to the fact that the West, in an attempt to preserve the world order that is beneficial only to it, intends to force everyone else to live according to the notorious “rules” invented by it.

“At the same time, the unwillingness of other countries to submit to such diktat and arbitrariness is forcing the Western elites, to put it simply, to break loose, to make short-sighted, adventurous decisions – both from the point of view of world security, politics, and from the point of view of the economy.

All these decisions run counter to the interests of countries and peoples – by the way, including the citizens of the Western states themselves,” the Russian leader said.

However, Russia will not allow anyone to impose any rules on itself, including in the energy sector, the President of the Russian Federation stressed.

“Their arms are short,” Putin said.

“We must not do anything that is contrary to our interests.”

According to the Russian leader, if a price limit is imposed on Russian energy carriers, Moscow will simply refuse to supply them, as this would be contrary to Russia's economic interests.

  • Russian President Vladimir Putin

  • RIA News

  • © Gavriil Grigorov

"There are no mechanisms"

As Vladimir Shapovalov, deputy director of the Institute of History and Politics of Moscow State Pedagogical University, noted, the West is trying to come up with new ways of sanctions pressure on Russia.

However, recent such attempts, concerning the price ceiling for Russian oil and restrictions against Russians who support the actions of the Russian Federation in Ukraine, "in fact, are evidence of an act of desperation."

“This suggests that Western sanctions are not working the way Washington and its allies would like.

The West has no real mechanisms to put pressure on Russia.

The Russian Federation continues to develop its economy, including receiving more revenue from oil supplies, ”the expert said in an interview with RT.

Recall, as Russian Prime Minister Mikhail Mishustin said during the VI Moscow Financial Forum, the West's attempt to limit the export of Russian energy resources led to an increase in oil and gas revenues of the Russian budget by almost 50%.

At the same time, Shapovalov called Washington's plans to impose sanctions against all Russians who support the leadership of the Russian Federation on the Ukrainian issue absurd.

“The United States will have to apply restrictions against most of the Russian population.

This is not just arbitrariness, but also another proof that for Washington the interests and rights of citizens of another country simply do not exist, ”the analyst emphasized.

As for the price limit for Russian oil, which the United States and its allies plan to introduce from December 5, according to Shapovalov, this restriction has nothing to do with the principles of free market "which Western countries themselves profess."

At the same time, the expert recalled that this idea of ​​​​Washington was ignored not only by India and China - Russia's main partners in the field of energy - but also by most other countries of the world.

“In addition, a significant part of Western companies will most likely try to circumvent the restrictions, despite the sanctions measures envisaged,” the expert believes.

In turn, Deputy General Director of the National Energy Institute Alexander Frolov believes that by imposing a price limit on Russian oil, the West will achieve, first of all, that European and American insurance companies and firms offering other services related to oil transportation will simply lose profitable market.

“In addition, the West itself is pushing the Russian Federation, one of the largest oil exporters, to refuse to use the services of Western firms and switch to interacting with companies, for example, in the Asia-Pacific region,” the analyst added in a comment to RT.

Moreover, Russia can support the domestic market of insurance and other services necessary for oil transportation, Frolov believes.

“With sufficient investment, this industry will be promising for decades to come with guaranteed sales: Russian oil companies will automatically place orders with insurance companies right there in the Russian Federation.

Such an infrastructure will quickly recoup any funds invested in it, ”the analyst believes.

A similar position is shared by the expert of the National Energy Security Fund Stanislav Mitrahovich.

The restrictive measures of the West will contribute to the fact that its dominance in the field of oil transportation and insurance will “just disappear” over time, an expert shared his opinion in a commentary on RT.

  • Tanker with Russian oil

  • RIA News

  • © Vitaliy Timkiv

“Other countries will create their own insurance companies.

This can happen not only in Asia, but also in the Middle East.

Companies specializing in the transportation of Russian oil could be created in China or India.

Thus, the market for these services will be reoriented - and Western companies will suffer losses from this, first of all, which will lose their largest customer from Russia, ”concluded the analyst.