US doesn't rule out further lowering price cap for Russian oil

The US plans to discuss an additional reduction in the price ceiling for Russian oil with partners and allies, US Deputy Secretary of the Treasury Wally Adeyemo said, Report informs with reference to Reuters.

According to Adeyemo, Russia's revenues from the sale of oil began to decrease, but the pace of fuel production remained the same. He admitted that the countries that supported the initiative to introduce the ceiling would discuss stricter measures, adding that the US would continue to put economic pressure on the Russian Federation.

Earlier it was reported that oil exports from Russia, against the backdrop of the EU embargo and the oil price ceiling, fell by 11% over 20 days of December. At the moment, the effect of the introduced cap on oil prices, which was set at $60 per barrel, is not so noticeable, since, during the transition period of 45 days it is possible to ship oil without applying the cap for transactions concluded before December 5.