The European Union made a number of exceptions to the embargo on Russian oil products, as well as to the price ceiling for supplies to third countries. Thus, Brussels withdrew from sanctions oil products produced from Russian oil not in Russia.
The price ceiling will also not apply when mixing Russian oil products and products from other countries, follows from the explanations of the European Commission (.pdf). drew attention to the document RBC. Thus, European providers will be able to provide insurance and transportation services for such oil products above the established ceiling.
From December 5, 2022, the European Union banned the import of Russian oil by sea with a number of exceptions, and also set a price ceiling for raw materials from the Russian Federation at $60 per barrel (EU companies are prohibited from providing transportation and insurance services if oil is sold above this limit). Since February 5, similar sanctions have been in effect for Russian oil products. The price ceiling is set at $40 and $100 per barrel, depending on the type of product. The marginal cost for oil and oil products was also set by the G7 countries and Australia.
Where is the Russian Federation now selling oil and oil products?
