The price ceiling collapsed the export of Russian


by sea by a quarter compared to the average indicators of previous periods.

This was reported by

The Wall Street Journal


It is reported that in December, the Russian Federation exported 2.5 million barrels of oil, which is 22% less than the average figure for the previous months of this year.

Journalists of the publication note that this is happening against the background of the introduction of a price ceiling for Russian oil by Western countries.

In addition, a significant decrease in the volume of exports of Russian raw materials is "probably caused by severe weather conditions and a decrease in demand in China against the background of insufficiently decisive lifting of restrictions" introduced during the pandemic.

We will remind, earlier it was reported that the Deputy Prime Minister of the Russian Federation Oleksandr Novak said that

oil production in Russia could be reduced by 500-700 thousand barrels per day

as early as 2023.

In addition, we previously reported that 

Russia was outraged

 by the price cap on its oil at the level of $60 per barrel.

Read also:

  • Energy disarmament of Russia: how the oil embargo will deprive the country of money for the war against Ukraine

  • What will the new price limit for Russian oil mean for global consumers: the opinion of experts

  • Putin's Oil Bottom: Will Price Caps Hit Russia's Revenue and War Financing Against Ukraine

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