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    German expert warns EU about Russia's gain after introduction of oil price ceiling

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    Russia will only benefit if the European Union (EU) decides to impose a ceiling on oil prices from the Russian Federation, Steffen Buckold, an oil expert from Germany, said on October 3.

    “As a result of the price cap, refineries outside the EU sanctions zone will buy up every available barrel from Russia due to low prices and refine it at a high profit,” he told the newspaper Der Tagesspiegel.

    He also expressed confidence that in the event of such a scenario, the price of oil from Russia on the gray market “will exceed all possible limits.”

    On September 28, the head of the oilfield service company Canary LLC, Dan Eberhart, in an article for Forbes, said that the imposition of a price cap on Russian oil exports would deal the West a “final death blow.”

    He also expressed the opinion that due to the adoption of such a decision, significant interruptions in oil supplies from Russia will begin. This, in his opinion, will lead to a rapid rise in world prices, while oil revenues in the Russian Federation will remain high. from December 5, a ban on the sea transportation of Russian oil is supposed. . Also on September 1, Russian Deputy Prime Minister Alexander Novak warned that Russia would stop supplying oil and oil products to countries that would impose a ceiling on oil prices. protection of the civilian population of Donbass, which was announced on February 24. It began against the backdrop of the situation in the region escalating in mid-February due to increased shelling by Ukrainian troops.

    More relevant videos and details about See the situation in the Donbass on the Izvestia TV channel

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