Sanctions imposed on Russian crude oil have so far have 'failed completely' and new price caps could prove immaterial as well, analysts told CNBC.
Sanctions imposed on Russian crude oil have so far "failed completely" and new price caps could prove immaterial as well, analysts told CNBC.
The European Union is planning to ban imports of refined petroleum products from Russia, including diesel and jet fuel, from Sunday. The price cap was "invented by bureaucrats with finance degrees. None of them really understand oil markets," Paul Sankey, president and lead analyst at Sankey Research, told CNBC's "Streets Sign Asia" on Thursday. "t's been a total bomb, it has failed completely."Picture Alliance | Picture Alliance | Getty Images
Sanctions imposed on Russian crude oil have so far "failed completely" and new price caps could prove immaterial as well, analysts told CNBC.The 27-member bloc has already banned the purchase and import of sea-borne Russian crude oil since December.set a price cap on Russian seaborne crude oil , which bars the use of Western-supplied maritime insurance, finance and other services unless they are sold below $60 per barrel.The price cap "was invented by bureaucrats with finance degrees. None of them really understand oil markets," Paul Sankey, president and lead analyst at Sankey Research, told CNBC's "
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
US Blacklists Bitcoin, Ether Addresses Tied to Russian Sanctions-Evasion EffortsThe U.S. government's sanctions watchdog has blacklisted bitcoin and ether addresses linked to Russia's arms export firm. nikhileshde reports
Consulte Mais informação »
US Treasury lists BTC, ETH addresses tied to Russian sanctions evasion groupThe U.S. Treasury's Office of Foreign Assets Control added a Russian national who had access to one Bitcoin and one Ether address to its list of sanctioned entities and individuals.
Consulte Mais informação »
Kremlin welcomes bounty offer for destroying Western tanks in UkraineThe Kremlin on Wednesday welcomed a Russian company's offer of 'bounty payments' for soldiers who destroy Western-made tanks on the battlefield in Ukraine, saying it would spur Russian forces to victory. The Russian company Fores this week offered 5 million roubles ($72,000) in cash to the first soldiers who destroy or capture U.S.-made Abrams or German Leopard 2 tanks in Ukraine. On Wednesday, Kremlin spokesman Dmitry Peskov said Russian troops would 'burn' any Western tanks that were delivered to Ukraine, adding the bounties were extra encouragement for Russian soldiers.
Consulte Mais informação »
Google tests new AI chatbot 'Apprentice Bard' amid ChatGPT buzz: CNBCInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Consulte Mais informação »
Google tests new AI chatbot 'Apprentice Bard' amid ChatGPT buzz: CNBCInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Consulte Mais informação »
Celsius opens some withdrawals, and how governments are building blockchain tech: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Daniela Barbosa of Hyperledger Foundation discusses why government agencies are building blockchain networks.
Consulte Mais informação »