The combination of the oil price cap and the EU oil embargo is significantly reducing the price of Russian oil in the market.
Good job, @AsstSecEcon @VDombrovskis @JosepBorrellF @eucopresident
RT @AsstSecEcon: The price cap lowers Russian oil revenues in two ways:

1. Locking in a price ceiling for any trade using coalition services.
2. Providing leverage to buyers of Russian oil—including sales outside the cap—shown by the growing discount between global oil and…

🐦🔗: https://n.respublicae.eu/lugaricano/status/1626705717871648770