Moscow loses 8 billion in one month. Are you still selling oil? Yes, but it doesn’t make money

The objective of the second EU embargo is to reduce the Kremlin’s revenues, without depriving the markets of the Russian oil supply. A gain for India which will import crude oil from Russia, but in the meantime the balance of Putin’s country goes negative

He entered this week the EU embargo on Russian refined products transported by sea is in force, the second phase of the crude oil embargo in force since 5 December. Also in this case the measure is accompanied by a price cap supported by European countries and the G7 which allows third countries to continue to use Western financial services for maritime trade in these products, but only below a certain price threshold. There are two ceilings: one of 100 dollars a barrel for more expensive fuels such as diesel and jet fuel, and another at 45 dollars for less valuable products such as fuel oil. The goal is always the same: reduce Kremlin revenues without depriving markets of Russian oil supplieswithout which a vacuum would be created that would impact global prices, also affecting countries that do not buy Russian barrels.