The G7 countries intend to set two price limits for Russian oil products to account for those sold at higher prices than oil and those sold at a discount.

This was reported by Reuters with reference to the official representative of the G7.

From February 5, the G7 countries are to introduce price restrictions on Russian petroleum products, such as diesel fuel, kerosene and fuel oil, to further reduce Moscow's income from energy exports and its ability to finance the war in Ukraine.

As the Reuters source points out, limiting the prices of Russian oil products is more difficult than setting a ceiling on the price of crude oil alone.

After all, there is a wide range of petroleum products and their price often depends on where they are bought, not on where they are produced.

That is why the G7 countries are considering the introduction of two restrictions.

It will be recalled that the European Union and the "Big Six" agreed to limit Russian incomes due to the introduction of an oil price ceiling at the level of $60 per barrel.

The restriction came into effect on December 5.

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