“Ceiling of prices” for oil from Russia will be ineffective, because it can ship most of the raw materials to tankers and take it beyond the reach of the G7. This is reported by Reuters with reference to sources.
Experts came to the conclusion that Russia can access a sufficient number of tankers to ship most of its oil outside the economic reach of Western countries.
G7 members agreed to limit the sales of Russian oil at a forcedly low price by December 5, but faced protest from the main players of the world oil industry, who were afraid that this step could paralyze trading around the world.
“The fears that up to 80-90% of Russian oil will still flow beyond the limits of the restriction mechanism if Moscow tries to bypass it, is unsuccessful,” said the representative of the US Department of Finance.
When introducing the “price ceiling”, Russia will begin to use fake tankers and longer routes to deliver oil to customers.
“Theoretically, there is a fairly large shadow fleet to continue the supply of Russian oil after December 5. Many of these shadow vessels will be able to insure themselves on their own or they will be able to be insured by Russian insurance companies,” said the global head of the bulk cargo department in the giant of raw materials trade giant Trafigura Andrea Olivi.
According to experts, the limitation of the price of Russian oil will become a “foot -shot” for Western countries, especially against the background of accumulated energy prices and global inflation.
“All that he is going to do is redirect oil … and complicate the life of everything else that happens right now. It will be less destructive than a complete ban on sea transportation. They shot themselves, but now They, as it were, are trying to bandage it a little, ”said the former chief economist of the US State Department, a global researcher at the International Center for Scientists named after Woodlon Wilson Daniel An.