12:03 - 21.12.2022

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December 21, Fineko/abc.az. The ban on sea shipments of Russian oil to EU countries and the price cap of $60 per barrel for oil from Russia transported by sea came into force on 5 December. It was agreed by the EU, the G7 countries and Australia.

ABC.AZ reports that in the first full week of the restrictions on oil supplies from Russia to the world market decreased by 54%.

Russia’s total oil supplies fell by 1.86 million b/d to 1.6 million b/d.

Accidents on oil pipelines in Russia also caused this situation. Thus, oil exports to the Pacific Ocean as a whole decreased 4-fold.