The Japanese government is not confident in the effectiveness of the implementation of the price ceiling for Russian oil, although it believes that this will slightly reduce Russia’s revenues from the export of petroleum products. This was announced at a press conference in Tokyo by the Secretary General of the Cabinet of Ministers Hirokazu Matsuno, TASS reports.
“The introduction of a price ceiling for Russian oil is designed to reduce Russia’s revenues and ensure the stability of the oil market. <…> I cannot speak with confidence about the effectiveness of such a measure. However, I believe that it will reduce the price of Russian oil, even when it comes to those countries that have not joined the current steps, and this will limit Russia’s income from energy exports,” he said.
Recall that on Monday, December 5, the embargo on the supply of Russian oil to the European Union by sea comes into force. Member countries of the community have adopted an adjustable price ceiling for sea-supplied energy from Russia at the level of $60 per barrel. The same decision was announced by the countries of the Group of Seven (G7) and Australia.
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