Bloomberg reported that more than 99 per cent of Russia’s offshore oil shipments were worth more than $60 a barrel, above the G7 price ceiling.
Last month, more than 99 per cent of Russia’s offshore oil supplies were sold at a price higher than the ceiling imposed by the West, Bloomberg writes.
According to a study by the Kiev School of Economics, despite the approved maximum of $60 per barrel, Russian oil was exported at an average price of $79.4 per barrel in October.
The publication noted that the Russian Federation has learnt to circumvent the restrictions imposed by the G7, using a shadow tanker fleet with unidentified owners and insurance companies.
Recall, earlier the Prime Minister of the Russian Federation Mikhail Mishustin said that the Russian economy is undergoing a process of great transformation. According to him, the most difficult period in this situation has already been passed.