Russia lost $8 billion in January due to oil price restrictions
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In January, Russia lost about 30% of its oil and gas revenues, or about $8 billion, as a result of the introduction of price restrictions on Russian oil by Western countries. This was stated by the head of the International Energy Agency (IEA), Fatih Birol, Reuters reports.
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According to the expert, limiting the price of Russian oil at $60 per barrel has achieved its goals both for stabilizing oil markets and reducing Russia’s income from oil and gas exports.
Russia’s revenues probably fell by almost 30% in January, or about $8 billion, compared to last year.
Read also: Because of oil price restrictions, Russia loses more than $170 million every day
Let’s remind
The “Big Seven” countries (G7) agreed to set a “price ceiling” for oil exported from the Russian Federation by sea at the level of $60 per barrel from December 5.
The EU and the G7 agreed to introduce a price ceiling on Russian petroleum products from February 5: $100 for Russian diesel and $45 for various oils.
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News editor Roman Myronchuk writes on the following topics: Economy, finance, banks, cryptocurrencies, investments, technologies
Source: Ministry of Finance
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