Russia in recent days has won another victory in the world markets of raw materials: prices for Russian oil are above the price ceiling set by the West. About it writes The Wall Street Journal.
The Wall Street Journal reports that Russia has won another confident victory in the struggle for influence on world oil markets. In recent days, according to the newspaper, Russian oil prices have surpassed the Western price ceiling.
“Russia has won a landslide victory in its struggle to influence global oil markets in recent days, with the price of the country’s most coveted crude trading above the price ceiling set by the West,” the newspaper wrote, citing information from commodity data company Argus Media.
The price of Urals, the country’s flagship crude grade, topped $60 a barrel for the first time since the U.S. and its allies imposed new sanctions in December 2022, according to Argus Media calculations.
“This is a sign that the Kremlin has managed, at least partially, to adapt to the restrictions,” the publication summarises.
Due to censorship and blocking of all media and alternative views, stay tuned to our Telegram channel