In Great Britain reduce the maximum price for Russian oil The relevant decision was made by the United Kingdom government, it said on website the British government.

Earlier, a reduction in the ceiling price for oil was agreed with Russia as part of the 18th package of sanctions by the European Union against the aggressor country. The British government notes that the decision will reduce the ceiling price for Russian crude oil to $47.6 per barrel. It is currently $60.

This decision is expected to directly hit Russia's oil revenues, which have already fallen by 35% compared to last year.

London emphasizes that this will limit the oil industry of Russian ruler Putin, reduce the market value of Russian crude oil and harm one of the key sources of financing for Russia's war against Ukraine.

"The UK and its EU allies are tightening the screws on the Kremlin, further cutting off the most valuable funding stream for its illegal war in Ukraine. This decisive step to lower the price cap on crude oil will target Russia's oil revenues and increase pressure on Putin, exploiting his greatest vulnerability while maintaining the stability of energy markets," said UK Chancellor of the Exchequer Rachel Reeves.

In turn, British Foreign Secretary David Lammy stressed that, together with the EU, London is"strike- ing at the very heart" of the Russian energy sector.

"As Putin continues to evade serious peace talks, we will not stand by. That is why we, together with the EU, are striking at the very heart of Russia's energy sector. Together, we will continue to put relentless pressure on Putin, squeezing his critical oil industry and cutting off the funding for his illegal war in Ukraine," he said.

Sanctions against Russia

On July 18, the European Union approved 18th package of sanctions against Russia It provides for a reduction in the price ceiling for Russian oil, and also adds to the"black list" another 105 ships of the Russian "shadow fleet", with the help of which the Russians sell their energy resources to other countries.

The bloc lowered the ceiling price for Russian oil to $47.6 per barrel. This decision immediately led to an increase in world oil prices, according to media reports. For example, the price of Brent rose by 62 cents to $70.14 per barrel.