August 10, 2025
Canada will support the reduction of the threshold of prices for Russian oil thumbnail
UKRAINIAN NEWS

Canada will support the reduction of the threshold of prices for Russian oil

The Minister of Finance and National Revenue and the Canadian Foreign Minister have announced that the country intended to reduce the price limit for oil of Russian descent even more with the EU and the United Kingdom.

The government reports Canada.

The price limit will be reduced from $ 60 to $ 47.60 per barrel.

“Reducing the upper limit of the price will weaken Russia’s ability to finance its illegal war and put a new pressure on Putin’s military apparatus. The necessary changes in Canada’s legislation are planned to be made in the coming weeks,” the message goes.

The report added that the price reduction mechanism recognizes the restriction of supply chains in the world energy markets and minimizes negative economic consequences. The mechanism allows you to make adjustments so that in the future it is possible to reduce the price limit even more.

Recall:

In May, the EU proposed G7 finance ministers reduce the current marginal price ($ 60 per barrel) by Russian oil transported by sea.

State oil and gas income of will fall In July, approximately 37% compared to the same month of 2024 to 680 billion rubles ($ 8.66 billion) due to cheaper oil and stronger national currency.

”, – WRITE: epravda.com.ua

The Minister of Finance and National Revenue and the Canadian Foreign Minister have announced that the country intended to reduce the price limit for oil of Russian descent even more with the EU and the United Kingdom.

The government reports Canada.

The price limit will be reduced from $ 60 to $ 47.60 per barrel.

“Reducing the upper limit of the price will weaken Russia’s ability to finance its illegal war and put a new pressure on Putin’s military apparatus. The necessary changes in Canada’s legislation are planned to be made in the coming weeks,” the message goes.

The report added that the price reduction mechanism recognizes the restriction of supply chains in the world energy markets and minimizes negative economic consequences. The mechanism allows you to make adjustments so that in the future it is possible to reduce the price limit even more.

Recall:

In May, the EU proposed G7 finance ministers reduce the current marginal price ($ 60 per barrel) by Russian oil transported by sea.

State oil and gas income of will fall In July, approximately 37% compared to the same month of 2024 to 680 billion rubles ($ 8.66 billion) due to cheaper oil and stronger national currency.

Related posts

Corruption scheme for the purchase of UAV and HRB: for the detained people’s deputy ask for arrest and 30 million pledge

pravda.com.ua

The head of Gagauzia was sentenced to seven years in prison in Moldova: I received money from the Russian Federation

pravda.com.ua

Merz government rating in Germany fell to a record low – survey

pravda.com.ua

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More