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🇷🇺#oil - And how does it work? - It doesn’t. It’s just a ceiling. Russian oil keeps getting more expensive despite all the price controls imposed by the G7. Crude prices from the country’s western ports have risen in recent days along with major futures, data from Argus Media Ltd. show. Russia’s flagship Urals grade is trading at $ a barrel at the Baltic port of Primorsk and $86 at the Black Sea port of Novorossiysk. G7 officials have long said they have no intention of revising the restriction at this time, even though spot prices have far exceeded the threshold for Russian exports, which is $60 a barrel. Источник: Slavyangrad
