A team of researchers speculated that the capping of Russian oil prices the G7 imposed has witnessed widespread breaches in Asia in the first half of the year.
The research team analyzed official data on Russian foreign trade, as well as information on shipping operations, according to what was reported by Bloomberg News on Wednesday.
And in December, the Group of Seven industrialized nations imposed a cap on Russian oil prices of $60 a barrel, preventing companies in those countries from offering a wide range of services, particularly insurance and freight, if shipments were purchased at prices above that level
According to a study of trade and shipping data by the KSA Institute of the Faculty of Economics in Kiev, which is pushing for stricter enforcement, in the first quarter of this year, almost all of the oil from the Pacific port of Kozmino sold for more than $60, and that More than half of the shipments were made using some form of G7 service.
“The fact that a significant proportion of voyages from Kosmino involve vessels owned or insured in Western countries, while essentially all transactions show prices above $60 per barrel, indicates potentially significant breaches of the price cap,” the researchers said.
The data confirms concerns raised by the US Treasury Department on April 17 about possible shipment violations.
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