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Russia will not export oil subject to Western price cap, deputy prime minister says
Reuters ^
| December 4, 2022
| Guy Faulconbridge and Olesya Astakhova
Posted on 12/04/2022 12:30:32 PM PST by Navy Patriot
The move by the West to prohibit shipping, insurance and re-insurance companies from handling cargoes of Russian crude above the cap, is an attempt to punish Putin for the Ukraine conflict.
Russian Deputy Prime Minister Alexander Novak said on Sunday the move by the West was a gross interference which contradicted the rules of free trade and would destabilise global energy markets by triggering a shortage of supply.
...
Russia can access enough tankers to ship most of its oil beyond the reach of a new G7 price cap, industry players and a U.S. official told Reuters in October, underscoring the limits of the most ambitious plan yet to curb Moscow's wartime revenue.
(Excerpt) Read more at reuters.com ...
TOPICS: Business/Economy; Foreign Affairs; Government; News/Current Events
KEYWORDS: fridiotsforwar; neocons4biden; notamericasfight; notourwar; putinbots; zelenskyworshippers
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Eu, get ready to freeze in the dark while walking to the grocery store.
To: Navy Patriot
Hey EU, got a stable, tack and a place to put your buggy? Idiots.
To: Navy Patriot
makes it not worth drilling....this is another climate change ploy.
3
posted on
12/04/2022 12:34:53 PM PST
by
Sacajaweau
( )
To: Navy Patriot
The worse it gets, the better it is.
BTW. The USA is now starting to get the blame.
Eventually, the USA will get ALL the blame.
4
posted on
12/04/2022 12:39:42 PM PST
by
crz
To: Navy Patriot
If you don't want to freeze in the dark while eating bugs, you are a Putin agent!
5
posted on
12/04/2022 12:45:17 PM PST
by
Travis McGee
(EnemiesForeignAndDomestic.com)
To: Navy Patriot
Who are the communists here? Russia should sell their oil at free market prices. Who thought up this "price cap" crap? It certainly wasn't John D. Rockefeller.
6
posted on
12/04/2022 12:49:53 PM PST
by
Governor Dinwiddie
(LORD, grant thy people grace to withstand the temptations of the world, the flesh, and the devil.)
To: crz
You are correct, Economically, this will fail, and the US will get the blame for the damage to the world's commodity markets, and the costs incurred.
It just won't be printed in Western media, however the ordinary Westerners will find out anyway.
7
posted on
12/04/2022 12:51:28 PM PST
by
Navy Patriot
(Celebrate Decivilization)
To: Navy Patriot
"Eu, get ready to freeze in the dark while walking to the EMPTY grocery store." Fixed it for you ;)
8
posted on
12/04/2022 12:51:54 PM PST
by
WMarshal
(Neocons and leftards are the same species of vicious rat.)
To: Navy Patriot
“he move by the West was a gross interference which contradicted the rules of free trade”
Gee, I think invading your neighbors to seize their resources also might contradict the rules of free trade.
9
posted on
12/04/2022 12:52:15 PM PST
by
Boogieman
To: Governor Dinwiddie
The price cap has no legal effect on Russia. But it does put a cap on what EU countries can pay for Russian oil.
Maybe that means an embargo. We’ll see.
10
posted on
12/04/2022 12:56:09 PM PST
by
MeganC
(There is nothing feminine about feminism. )
To: Governor Dinwiddie
Who are the communists here? Russia should sell their oil at free market prices.Just between you and me, the US Government (Uniparty) Politicians in power and the Deep Swamp Bureaucracy are the Communists.
Who thought up this "price cap" crap? It certainly wasn't John D. Rockefeller.
Pretty sure it was Karl Marx.
11
posted on
12/04/2022 12:58:46 PM PST
by
Navy Patriot
(Celebrate Decivilization)
To: Boogieman
... I think invading your neighbors to seize their resources also might contradict the rules of free trade.I'm inclined to agree, ... the US Government shouldn't have done any of that, but the winners of wars write the history so I guess it's OK with American Democrats...
12
posted on
12/04/2022 1:03:33 PM PST
by
Navy Patriot
(Celebrate Decivilization)
To: WMarshal
Yeah, I overlooked the fact that the delivery trucks need diesel fuel. Thanks.
13
posted on
12/04/2022 1:05:38 PM PST
by
Navy Patriot
(Celebrate Decivilization)
To: Governor Dinwiddie
I’m notifying Ford that I’m putting a price cap of 20,000 on New F-150 King Ranch pickups.
I will let you know when it is delivered.
14
posted on
12/04/2022 1:08:17 PM PST
by
DesertRhino
(Dogs are called man's best friend. Moslems hate dogs. Add it up..)
To: Boogieman
Yeah, one day Putin randomly invaded Ukraine to grab resources... because you know, Russia doesn’t have any.
Any other bright theories?
15
posted on
12/04/2022 1:11:16 PM PST
by
DesertRhino
(Dogs are called man's best friend. Moslems hate dogs. Add it up..)
To: Governor Dinwiddie
Maybe Nelson Rockefeller, under Nixon’s failed price controls.
Watch Biden think this is a “new” idea and adopt it.
The seventies are back but without the cool music and hot girls.
To: MeganC
But it does put a cap on what EU countries can pay for Russian oil. The EU are not going to get Russian oil.
To: Navy Patriot
They will blame the Russians but the EU are partially responsible for being blatantly stupid.
18
posted on
12/04/2022 1:13:31 PM PST
by
dhs12345
To: Boogieman
Gee, I think invading your neighbors to seize their resources What resources?
To: Navy Patriot
Yeah, I think I’ll go into my local gas station and tell them I’m capping their gas price at $2.
20
posted on
12/04/2022 1:16:33 PM PST
by
hardspunned
(Former DC GOP globalist stooge)
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