The Kremlin is drafting a presidential decree that will prohibit Russian companies and any traders buying the nation’s oil from selling it to anyone that participates in a price cap, according to a person with knowledge of the matter.

The decree will forbid dealings with both companies and countries that join the price-cap mechanism, the person said, without giving an exact definition of how participation in such a mechanism would be defined. It would essentially ban any reference to a price cap in contracts for Russian crude oil or products, and prohibit loadings destined for any countries that adopt the restrictions, according to the person, asking not to be named because the matter isn’t public yet.

The European Union has been struggling to agree on how strict a price cap should be. Diplomats suspended talks on Friday about a proposal for a cap at about $65 a barrel, well above the current price of Russia’s main export crude. Disagreements over the price level remained entrenched and the talks were postponed to Monday.

It’s not clear how much impact a price cap, or a Kremlin decree in response, would have on trade. That’s because the formal backers of the measure are already refraining from buying Russian oil. The policy is actually aimed at other major consumers, such as India, which won’t have access to western insurance and other shipping services if they pay more than the capped price for Russian crude.

Russian President Vladimir Putin and several other officials have said on numerous occasions that the nation won’t supply energy to those who will join a price cap. Instead, the country will redirect its oil supply to “market-oriented partners” or reduce production, Deputy Prime Minister Alexander Novak said earlier this week

India, Turkey and other big buyers haven’t signed up to the cap. At this stage it looks like they would have no trouble continuing to buy Russian oil, since the latest proposal has the cap so far above current market prices.


Checkmate


Source: https://www bloomberg com/news/articles/2022-11-25/russia-drafts-decree-banning-oil-sales-to-price-cap-participants?leadSource=uverify%20wall


Mynd44 Nlfpmod Frontpage

Vladimir Putin has made Russia a mockery and laughingstock among nations of the world, no one fears him or takes him seriously anymore.

He has become a global pariah

Teaser4:
The Kremlin is drafting a presidential decree that will prohibit Russian companies and any traders buying the nation’s oil from selling it to anyone that participates in a price cap, according to a person with knowledge of the matter.

The decree will forbid dealings with both companies and countries that join the price-cap mechanism, the person said, without giving an exact definition of how participation in such a mechanism would be defined. It would essentially ban any reference to a price cap in contracts for Russian crude oil or products, and prohibit loadings destined for any countries that adopt the restrictions, according to the person, asking not to be named because the matter isn’t public yet.

The European Union has been struggling to agree on how strict a price cap should be. Diplomats suspended talks on Friday about a proposal for a cap at about $65 a barrel, well above the current price of Russia’s main export crude. Disagreements over the price level remained entrenched and the talks were postponed to Monday.

It’s not clear how much impact a price cap, or a Kremlin decree in response, would have on trade. That’s because the formal backers of the measure are already refraining from buying Russian oil. The policy is actually aimed at other major consumers, such as India, which won’t have access to western insurance and other shipping services if they pay more than the capped price for Russian crude.

Russian President Vladimir Putin and several other officials have said on numerous occasions that the nation won’t supply energy to those who will join a price cap. Instead, the country will redirect its oil supply to “market-oriented partners” or reduce production, Deputy Prime Minister Alexander Novak said earlier this week

India, Turkey and other big buyers haven’t signed up to the cap. At this stage it looks like they would have no trouble continuing to buy Russian oil, since the latest proposal has the cap so far above current market prices.


Checkmate


Source: https://www bloomberg com/news/articles/2022-11-25/russia-drafts-decree-banning-oil-sales-to-price-cap-participants?leadSource=uverify%20wall


Mynd44 Nlfpmod Frontpage

Good

God1000:
Vladimir Putin has made Russia a mockery and laughingstock among nations of the world, no one fears him or takes him seriously anymore.

He has become a global pariah

Rest

ken6488:
Rest

I won't rest oo, there no peace for the wicked

God1000:
Vladimir Putin has made Russia a mockery and laughingstock among nations of the world, no one fears him or takes him seriously anymore.

He has become a global pariah

You're an ignoramus

It Is Only Fools That Can Say Things Are Going Well In Russia. Putin Has Isolated The Face Of Moscow From The World. Russia Has Become Things Of Mockery.

Don’t EU and G7 already moved the date again forward as even UK have increased her imports of Russia oil since announcing its banning it by over X5.

Poland, and all those Baltic states, who are biggest receivers of EU funded made the most noise.

Azeri government have signed a new deal to buy massive Russia oil and gas.
Spain and Italy are the busiest countries importing Russia LNG and oil.

Most Nigerian especially Biafra has made themselves slaves of the West by defending their atrocity because of visa their will never get.

God1000:
Vladimir Putin has made Russia a mockery and laughingstock among nations of the world, no one fears him or takes him seriously anymore.

He has become a global pariah

It is the collective West that has been isolated. The rest of the world choose not to queue behind the West in purnishing (sanctioning) Russia. Apart from EU, Japan, Australia & Canada, who else is against Russia?

The West thought they can get every country in the world behind them. They miscalculated. They also misjudged their importance to the rest of the world.

China is more important to the rest of the world than the West. While Russia will continue to be seen as a reliable partner in the of area Energy, Military and Agriculture by the rest of the world. Any country that has the backing of both China and Russia has everything.

olugabbie:


It is the collective West that has been isolated. The rest of the world choose not to queue behind the West in punishing (sanctioning) Russia. Apart from EU, Japan, Australia & Canada, who else is against Russia?

The West thought they can get every country in the world behind them. They miscalculated. They also misjudged their importance to the rest of the world.

China is more important to the rest of the world compare to the West. While Russia will continue to be seen as a reliable partner in the of Energy and Agricultural by the rest of the world. Any country that has the backing of both China and Russia has everything.

Well said brother.

God1000:
Vladimir Putin has made Russia a mockery and laughingstock among nations of the world, no one fears him or takes him seriously anymore.

He has become a global pariah

When USA tried to isolate Iraqi in 1990s, it works due to UN5 members voting to it and Russia president then was pro Western but now, the country that the USA and EU is trying to isolate is a UN5 member.

China and many countries knew now that Russia is the only country that can withstand anyone.
Russia have everything the India, China and many Asia countries needed for their citizens.
Cheap natural resources.
This war have show the world that whosoever controls large nuke weapons and resources, can do what they like and nothing will happen.

Same G7 talking about isolating Russia, are still the one running to Russia for its natural resources e.g Japanese government have ran back to Russia to Gas, UK also for LNG.

Russia have the most important basic things for every citizen, that’s cheap oil, gas, woods and foods, any other thing is a big bonus.
If Nigeria have those things very cheap, millions of Nigerians wouldn’t be running up and down.
Natural resources is the best gift of life.
Germany is the richest in Europe but they too survived for many years on Russia cheap gas, oil, and now China have see it and they are getting it.
Even Saudi Arabia that has oil and gas is buying Russia oil and gas to help Saudi domestic demand because no one on this earth is blessed like Russia land.

Oches4me:
Most Nigerian especially Biafra has made themselves slaves of the West by defending their atrocity because of visa their will never get.

Why are you trying to turn this to ethnic bashing? IPOB hate the British government more than other Nigerians do.
You're a fool for calling people who support Britain Biafrans.

Otobong3374:
It Is Only Fools That Can Say Things Are Going Well In Russia. Putin Has Isolated The Face Of Moscow From The World. Russia Has Become Things Of Mockery.

the world doesn't start and end in EU and EU doesn't make up more than 30% of the world's population market and aside NATO countries who are bitching around wanting the world to stop doing business with Russia, nobody outside Europe gives a Fvck as they continue doing business with Moscow. So what isolation are you talking about??

Otobong3374:
It Is Only Fools That Can Say Things Are Going Well In Russia. Putin Has Isolated The Face Of Moscow From The World. Russia Has Become Things Of Mockery.

I don't know why your name reminds me of someone that is born an idiot.

pansophist:


I don't know why your name reminds me of someone that is born an idiot.

I Can See Idiot Being Written On Your Useless Forehead. In Fact, I'm Not After A Dipsomaniac, Okay?? I Can See Buhari Ministry Of Hunger Affecting Ur Useless Life.

olugabbie:


It is the collective West that has been isolated. The rest of the world choose not to queue behind the West in purnishing (sanctioning) Russia. Apart from EU, Japan, Australia & Canada, who else is against Russia?

The West thought they can get every country in the world behind them. They miscalculated. They also misjudged their importance to the rest of the world.

China is more important to the rest of the world than the West. While Russia will continue to be seen as a reliable partner in the of area Energy, Military and Agriculture by the rest of the world. Any country that has the backing of both China and Russia has everything.

Please tell us the countries that are pro Russia,
North Korea, Belarus, Cuba etc..
You fail to understand that China biggest trading partners ain't Russia, but still the USA and the west..

itsRhamzy:
the world doesn't start and end in EU and EU doesn't make up more than 30% of the world's population market and aside NATO countries who are bitching around wanting the world to stop doing business with Russia, nobody outside Europe gives a Fvck as they continue doing business with Moscow. So what isolation are you talking about??

Which countries are doing business with Russia Nigeria.
Please be enlightened the EU still remains the biggest trading bloc of any other trading organization.
Before the war, EU was Russia biggest trading partners not China, not India, no matter what China buys or India, Russia still will never replace the EU markets..
Which major countries are doing business with Russia..
North Korea, abi na Belarus, Iran, countries that can't even feed themselves