{"id":1270792,"date":"2022-12-28T10:38:27","date_gmt":"2022-12-28T10:38:27","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/12\/28\/russia-bans-oil-sales-to-countries-using-price-cap\/"},"modified":"2022-12-28T10:38:27","modified_gmt":"2022-12-28T10:38:27","slug":"russia-bans-oil-sales-to-countries-using-price-cap","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/12\/28\/russia-bans-oil-sales-to-countries-using-price-cap\/","title":{"rendered":"Russia bans oil sales to countries using price cap"},"content":{"rendered":"<p><\/p>\n<div id=\"post-275373\">\n<div class=\"td-post-sharing-top\">\n<div id=\"td_social_sharing_article_top\" class=\"td-post-sharing td-ps-bg td-ps-padding td-post-sharing-style2 \">\n<style><![CDATA[\n            .td-post-sharing-classic {\n                position: relative;\n                height: 20px;\n            }\n            .td-post-sharing {\n                margin-left: -3px;\n                margin-right: -3px;\n                font-family: 'Open Sans', 'Open Sans Regular', sans-serif;\n                z-index: 2;\n                white-space: nowrap;\n                opacity: 0;\n            }\n            .td-post-sharing.td-social-show-all {\n                white-space: normal;\n            }\n            .td-js-loaded .td-post-sharing {\n                -webkit-transition: opacity 0.3s;\n                transition: opacity 0.3s;\n                opacity: 1;\n            }\n            .td-post-sharing-classic + .td-post-sharing {\n                margin-top: 15px;\n                \/* responsive portrait phone *\/\n            }\n            @media (max-width: 767px) {\n                .td-post-sharing-classic + .td-post-sharing {\n                    margin-top: 8px;\n                }\n            }\n            .td-post-sharing-top {\n                margin-bottom: 30px;\n            }\n            @media (max-width: 767px) {\n                .td-post-sharing-top {\n                    margin-bottom: 20px;\n                }\n            }\n            .td-post-sharing-bottom {\n                border-style: solid;\n                border-color: #ededed;\n                border-width: 1px 0;\n                padding: 21px 0;\n                margin-bottom: 42px;\n            }\n            .td-post-sharing-bottom .td-post-sharing {\n                margin-bottom: -7px;\n            }\n            .td-post-sharing-visible,\n            .td-social-sharing-hidden {\n                display: inline-block;\n            }\n            .td-social-sharing-hidden ul {\n                display: none;\n            }\n            .td-social-show-all .td-pulldown-filter-list {\n                display: inline-block;\n            }\n            .td-social-network,\n            .td-social-handler {\n                position: relative;\n                display: inline-block;\n                margin: 0 3px 7px;\n                height: 40px;\n                min-width: 40px;\n                font-size: 11px;\n                text-align: center;\n                vertical-align: middle;\n            }\n            .td-ps-notext .td-social-network .td-social-but-icon,\n            .td-ps-notext .td-social-handler .td-social-but-icon {\n                border-top-right-radius: 2px;\n                border-bottom-right-radius: 2px;\n            }\n            .td-social-network {\n                color: #000;\n                overflow: hidden;\n            }\n            .td-social-network .td-social-but-icon {\n                border-top-left-radius: 2px;\n                border-bottom-left-radius: 2px;\n            }\n            .td-social-network .td-social-but-text {\n                border-top-right-radius: 2px;\n                border-bottom-right-radius: 2px;\n            }\n            .td-social-network:hover {\n                opacity: 0.8 !important;\n            }\n            .td-social-handler {\n                color: #444;\n                border: 1px solid #e9e9e9;\n                border-radius: 2px;\n            }\n            .td-social-handler .td-social-but-text {\n                font-weight: 700;\n            }\n            .td-social-handler .td-social-but-text:before {\n                background-color: #000;\n                opacity: 0.08;\n            }\n            .td-social-share-text {\n                margin-right: 18px;\n            }\n            .td-social-share-text:before,\n            .td-social-share-text:after {\n                content: '';\n                position: absolute;\n                top: 50%;\n                -webkit-transform: translateY(-50%);\n                transform: translateY(-50%);\n                left: 100%;\n                width: 0;\n                height: 0;\n                border-style: solid;\n            }\n            .td-social-share-text:before {\n                border-width: 9px 0 9px 11px;\n                border-color: transparent transparent transparent #e9e9e9;\n            }\n            .td-social-share-text:after {\n                border-width: 8px 0 8px 10px;\n                border-color: transparent transparent transparent #fff;\n            }\n            .td-social-but-text,\n            .td-social-but-icon {\n                display: inline-block;\n                position: relative;\n            }\n            .td-social-but-icon {\n                padding-left: 13px;\n                padding-right: 13px;\n                line-height: 40px;\n                z-index: 1;\n            }\n            .td-social-but-icon i {\n                position: relative;\n                top: -1px;\n                vertical-align: middle;\n            }\n            .td-social-but-text {\n                margin-left: -6px;\n                padding-left: 12px;\n                padding-right: 17px;\n                line-height: 40px;\n            }\n            .td-social-but-text:before {\n                content: '';\n                position: absolute;\n                top: 12px;\n                left: 0;\n                width: 1px;\n                height: 16px;\n                background-color: #fff;\n                opacity: 0.2;\n                z-index: 1;\n            }\n            .td-social-handler i,\n            .td-social-facebook i,\n            .td-social-reddit i,\n            .td-social-linkedin i,\n            .td-social-tumblr i,\n            .td-social-stumbleupon i,\n            .td-social-vk i,\n            .td-social-viber i,\n            .td-social-flipboard i {\n                font-size: 14px;\n            }\n            .td-social-telegram i {\n                font-size: 16px;\n            }\n            .td-social-mail i,\n            .td-social-line i,\n            .td-social-print i {\n                font-size: 15px;\n            }\n            .td-social-handler .td-icon-share {\n                top: -1px;\n                left: -1px;\n            }\n            .td-social-twitter .td-icon-twitter {\n                font-size: 12px;\n            }\n            .td-social-pinterest .td-icon-pinterest {\n                font-size: 13px;\n            }\n            .td-social-whatsapp .td-icon-whatsapp {\n                font-size: 18px;\n            }\n            .td-social-reddit .td-social-but-icon {\n                padding-right: 12px;\n            }\n            .td-social-reddit .td-icon-reddit {\n                left: -1px;\n            }\n            .td-social-telegram .td-social-but-icon {\n                padding-right: 12px;\n            }\n            .td-social-telegram .td-icon-telegram {\n                left: -1px;\n            }\n            .td-social-stumbleupon .td-social-but-icon {\n                padding-right: 11px;\n            }\n            .td-social-stumbleupon .td-icon-stumbleupon {\n                left: -2px;\n            }\n            .td-social-digg .td-social-but-icon {\n                padding-right: 11px;\n            }\n            .td-social-digg .td-icon-digg {\n                left: -2px;\n                font-size: 17px;\n            }\n            .td-social-vk .td-social-but-icon {\n                padding-right: 11px;\n            }\n            .td-social-vk .td-icon-vk {\n                left: -2px;\n            }\n            .td-social-naver .td-icon-naver {\n                left: -1px;\n                font-size: 16px;\n            }\n            .td-social-copy_url {\n                position: relative;\n            }\n            .td-social-copy_url-check {\n                position: absolute;\n                top: 50%;\n                left: 50%;\n                transform: translate(-50%, -50%);\n                color: #fff;\n                opacity: 0;\n                pointer-events: none;\n                transition: opacity .2s ease-in-out;\n                z-index: 11;\n            }\n            .td-social-copy_url .td-icon-copy_url {\n                left: -1px;\n                font-size: 17px;\n            }\n            .td-social-copy_url-disabled {\n                pointer-events: none;\n            }\n            .td-social-copy_url-disabled .td-icon-copy_url {\n                opacity: 0;\n            }\n            .td-social-copy_url-copied .td-social-copy_url-check {\n                opacity: 1;\n            }\n            @keyframes social_copy_url_loader {\n                0% {\n                    -webkit-transform: rotate(0);\n                    transform: rotate(0)\n                }\n                100% {\n                    -webkit-transform: rotate(360deg);\n                    transform: rotate(360deg)\n                }\n            }\n            .td-social-expand-tabs i {\n                top: -2px;\n                left: -1px;\n                font-size: 16px;\n            }\n            @media (min-width: 767px) {\n                .td-social-line,\n                .td-social-viber {\n                    display: none;\n                }\n            }\n            .td-ps-bg .td-social-network {\n                color: #fff;\n            }\n            .td-ps-bg .td-social-facebook .td-social-but-icon,\n            .td-ps-bg .td-social-facebook .td-social-but-text {\n                background-color: #516eab;\n            }\n            .td-ps-bg .td-social-twitter .td-social-but-icon,\n            .td-ps-bg .td-social-twitter .td-social-but-text {\n                background-color: #29c5f6;\n            }\n            .td-ps-bg .td-social-pinterest .td-social-but-icon,\n            .td-ps-bg .td-social-pinterest .td-social-but-text {\n                background-color: #ca212a;\n            }\n            .td-ps-bg .td-social-whatsapp .td-social-but-icon,\n            .td-ps-bg .td-social-whatsapp .td-social-but-text {\n                background-color: #7bbf6a;\n            }\n            .td-ps-bg .td-social-reddit .td-social-but-icon,\n            .td-ps-bg .td-social-reddit .td-social-but-text {\n                background-color: #f54200;\n            }\n            .td-ps-bg .td-social-mail .td-social-but-icon,\n            .td-ps-bg .td-social-digg .td-social-but-icon,\n            .td-ps-bg .td-social-copy_url .td-social-but-icon,\n            .td-ps-bg .td-social-mail .td-social-but-text,\n            .td-ps-bg .td-social-digg .td-social-but-text,\n            .td-ps-bg .td-social-copy_url .td-social-but-text {\n                background-color: #000;\n            }\n            .td-ps-bg .td-social-print .td-social-but-icon,\n            .td-ps-bg .td-social-print .td-social-but-text {\n                background-color: #333;\n            }\n            .td-ps-bg .td-social-linkedin .td-social-but-icon,\n            .td-ps-bg .td-social-linkedin .td-social-but-text {\n                background-color: #0266a0;\n            }\n            .td-ps-bg .td-social-tumblr .td-social-but-icon,\n            .td-ps-bg .td-social-tumblr .td-social-but-text {\n                background-color: #3e5a70;\n            }\n            .td-ps-bg .td-social-telegram .td-social-but-icon,\n            .td-ps-bg .td-social-telegram .td-social-but-text {\n                background-color: #179cde;\n            }\n            .td-ps-bg .td-social-stumbleupon .td-social-but-icon,\n            .td-ps-bg .td-social-stumbleupon .td-social-but-text {\n                background-color: #ee4813;\n            }\n            .td-ps-bg .td-social-vk .td-social-but-icon,\n            .td-ps-bg .td-social-vk .td-social-but-text {\n                background-color: #4c75a3;\n            }\n            .td-ps-bg .td-social-line .td-social-but-icon,\n            .td-ps-bg .td-social-line .td-social-but-text {\n                background-color: #00b900;\n            }\n            .td-ps-bg .td-social-viber .td-social-but-icon,\n            .td-ps-bg .td-social-viber .td-social-but-text {\n                background-color: #5d54a4;\n            }\n            .td-ps-bg .td-social-naver .td-social-but-icon,\n            .td-ps-bg .td-social-naver .td-social-but-text {\n                background-color: #3ec729;\n            }\n            .td-ps-bg .td-social-flipboard .td-social-but-icon,\n            .td-ps-bg .td-social-flipboard .td-social-but-text {\n                background-color: #f42827;\n            }\n            .td-ps-dark-bg .td-social-network {\n                color: #fff;\n            }\n            .td-ps-dark-bg .td-social-network .td-social-but-icon,\n            .td-ps-dark-bg .td-social-network .td-social-but-text {\n                background-color: #000;\n            }\n            .td-ps-border .td-social-network .td-social-but-icon,\n            .td-ps-border .td-social-network .td-social-but-text {\n                line-height: 38px;\n                border-width: 1px;\n                border-style: solid;\n            }\n            .td-ps-border .td-social-network .td-social-but-text {\n                border-left-width: 0;\n            }\n            .td-ps-border .td-social-network .td-social-but-text:before {\n                background-color: #000;\n                opacity: 0.08;\n            }\n            .td-ps-border.td-ps-padding .td-social-network .td-social-but-icon {\n                border-right-width: 0;\n            }\n            .td-ps-border.td-ps-padding .td-social-network.td-social-expand-tabs .td-social-but-icon {\n                border-right-width: 1px;\n            }\n            .td-ps-border-grey .td-social-but-icon,\n            .td-ps-border-grey .td-social-but-text {\n                border-color: #e9e9e9;\n            }\n            .td-ps-border-colored .td-social-facebook .td-social-but-icon,\n            .td-ps-border-colored .td-social-facebook .td-social-but-text {\n                border-color: #516eab;\n            }\n            .td-ps-border-colored .td-social-twitter .td-social-but-icon,\n            .td-ps-border-colored .td-social-twitter .td-social-but-text {\n                border-color: #29c5f6;\n            }\n            .td-ps-border-colored .td-social-pinterest .td-social-but-icon,\n            .td-ps-border-colored .td-social-pinterest .td-social-but-text {\n                border-color: #ca212a;\n            }\n            .td-ps-border-colored .td-social-whatsapp .td-social-but-icon,\n            .td-ps-border-colored .td-social-whatsapp .td-social-but-text {\n                border-color: #7bbf6a;\n            }\n            .td-ps-border-colored .td-social-reddit .td-social-but-icon,\n            .td-ps-border-colored .td-social-reddit .td-social-but-text {\n                border-color: #f54200;\n            }\n            .td-ps-border-colored .td-social-mail .td-social-but-icon,\n            .td-ps-border-colored .td-social-digg .td-social-but-icon,\n            .td-ps-border-colored .td-social-copy_url .td-social-but-icon,\n            .td-ps-border-colored .td-social-mail .td-social-but-text,\n            .td-ps-border-colored .td-social-digg .td-social-but-text,\n            .td-ps-border-colored .td-social-copy_url .td-social-but-text {\n                border-color: #000;\n            }\n            .td-ps-border-colored .td-social-print .td-social-but-icon,\n            .td-ps-border-colored .td-social-print .td-social-but-text {\n                border-color: #333;\n            }\n            .td-ps-border-colored .td-social-linkedin .td-social-but-icon,\n            .td-ps-border-colored .td-social-linkedin .td-social-but-text {\n                border-color: #0266a0;\n            }\n            .td-ps-border-colored .td-social-tumblr .td-social-but-icon,\n            .td-ps-border-colored .td-social-tumblr .td-social-but-text {\n                border-color: #3e5a70;\n            }\n            .td-ps-border-colored .td-social-telegram .td-social-but-icon,\n            .td-ps-border-colored .td-social-telegram .td-social-but-text {\n                border-color: #179cde;\n            }\n            .td-ps-border-colored .td-social-stumbleupon .td-social-but-icon,\n            .td-ps-border-colored .td-social-stumbleupon .td-social-but-text {\n                border-color: #ee4813;\n            }\n            .td-ps-border-colored .td-social-vk .td-social-but-icon,\n            .td-ps-border-colored .td-social-vk .td-social-but-text {\n                border-color: #4c75a3;\n            }\n            .td-ps-border-colored .td-social-line .td-social-but-icon,\n            .td-ps-border-colored .td-social-line .td-social-but-text {\n                border-color: #00b900;\n            }\n            .td-ps-border-colored .td-social-viber .td-social-but-icon,\n            .td-ps-border-colored .td-social-viber .td-social-but-text {\n                border-color: #5d54a4;\n            }\n            .td-ps-border-colored .td-social-naver .td-social-but-icon,\n            .td-ps-border-colored .td-social-naver .td-social-but-text {\n                border-color: #3ec729;\n            }\n            .td-ps-border-colored .td-social-flipboard .td-social-but-icon,\n            .td-ps-border-colored .td-social-flipboard .td-social-but-text {\n                border-color: #f42827;\n            }\n            .td-ps-icon-bg .td-social-but-icon {\n                height: 100%;\n                border-color: transparent !important;\n            }\n            .td-ps-icon-bg .td-social-network .td-social-but-icon {\n                color: #fff;\n            }\n            .td-ps-icon-bg .td-social-facebook .td-social-but-icon {\n                background-color: #516eab;\n            }\n            .td-ps-icon-bg .td-social-twitter .td-social-but-icon {\n                background-color: #29c5f6;\n            }\n            .td-ps-icon-bg .td-social-pinterest .td-social-but-icon {\n                background-color: #ca212a;\n            }\n            .td-ps-icon-bg .td-social-whatsapp .td-social-but-icon {\n                background-color: #7bbf6a;\n            }\n            .td-ps-icon-bg .td-social-reddit .td-social-but-icon {\n                background-color: #f54200;\n            }\n            .td-ps-icon-bg .td-social-mail .td-social-but-icon,\n            .td-ps-icon-bg .td-social-digg .td-social-but-icon,\n            .td-ps-icon-bg .td-social-copy_url .td-social-but-icon {\n                background-color: #000;\n            }\n            .td-ps-icon-bg .td-social-print .td-social-but-icon {\n                background-color: #333;\n            }\n            .td-ps-icon-bg .td-social-linkedin .td-social-but-icon {\n                background-color: #0266a0;\n            }\n            .td-ps-icon-bg .td-social-tumblr .td-social-but-icon {\n                background-color: #3e5a70;\n            }\n            .td-ps-icon-bg .td-social-telegram .td-social-but-icon {\n                background-color: #179cde;\n            }\n            .td-ps-icon-bg .td-social-stumbleupon .td-social-but-icon {\n                background-color: #ee4813;\n            }\n            .td-ps-icon-bg .td-social-vk .td-social-but-icon {\n                background-color: #4c75a3;\n            }\n            .td-ps-icon-bg .td-social-line .td-social-but-icon {\n                background-color: #00b900;\n            }\n            .td-ps-icon-bg .td-social-viber .td-social-but-icon {\n                background-color: #5d54a4;\n            }\n            .td-ps-icon-bg .td-social-naver .td-social-but-icon {\n                background-color: #3ec729;\n            }\n            .td-ps-icon-bg .td-social-flipboard .td-social-but-icon {\n                background-color: #f42827;\n            }\n            .td-ps-icon-bg .td-social-but-text {\n                margin-left: -3px;\n            }\n            .td-ps-icon-bg .td-social-network .td-social-but-text:before {\n                display: none;\n            }\n            .td-ps-icon-arrow .td-social-network .td-social-but-icon:after {\n                content: '';\n                position: absolute;\n                top: 50%;\n                -webkit-transform: translateY(-50%);\n                transform: translateY(-50%);\n                left: calc(100% + 1px);\n                width: 0;\n                height: 0;\n                border-style: solid;\n                border-width: 9px 0 9px 11px;\n                border-color: transparent transparent transparent #000;\n            }\n            .td-ps-icon-arrow .td-social-network .td-social-but-text {\n                padding-left: 20px;\n            }\n            .td-ps-icon-arrow .td-social-network .td-social-but-text:before {\n                display: none;\n            }\n            .td-ps-icon-arrow.td-ps-padding .td-social-network .td-social-but-icon:after {\n                left: 100%;\n            }\n            .td-ps-icon-arrow .td-social-facebook .td-social-but-icon:after {\n                border-left-color: #516eab;\n            }\n            .td-ps-icon-arrow .td-social-twitter .td-social-but-icon:after {\n                border-left-color: #29c5f6;\n            }\n            .td-ps-icon-arrow .td-social-pinterest .td-social-but-icon:after {\n                border-left-color: #ca212a;\n            }\n            .td-ps-icon-arrow .td-social-whatsapp .td-social-but-icon:after {\n                border-left-color: #7bbf6a;\n            }\n            .td-ps-icon-arrow .td-social-reddit .td-social-but-icon:after {\n                border-left-color: #f54200;\n            }\n            .td-ps-icon-arrow .td-social-mail .td-social-but-icon:after,\n            .td-ps-icon-arrow .td-social-digg .td-social-but-icon:after,\n            .td-ps-icon-arrow .td-social-copy_url .td-social-but-icon:after {\n                border-left-color: #000;\n            }\n            .td-ps-icon-arrow .td-social-print .td-social-but-icon:after {\n                border-left-color: #333;\n            }\n            .td-ps-icon-arrow .td-social-linkedin .td-social-but-icon:after {\n                border-left-color: #0266a0;\n            }\n            .td-ps-icon-arrow .td-social-tumblr .td-social-but-icon:after {\n                border-left-color: #3e5a70;\n            }\n            .td-ps-icon-arrow .td-social-telegram .td-social-but-icon:after {\n                border-left-color: #179cde;\n            }\n            .td-ps-icon-arrow .td-social-stumbleupon .td-social-but-icon:after {\n                border-left-color: #ee4813;\n            }\n            .td-ps-icon-arrow .td-social-vk .td-social-but-icon:after {\n                border-left-color: #4c75a3;\n            }\n            .td-ps-icon-arrow .td-social-line .td-social-but-icon:after {\n                border-left-color: #00b900;\n            }\n            .td-ps-icon-arrow .td-social-viber .td-social-but-icon:after {\n                border-left-color: #5d54a4;\n            }\n            .td-ps-icon-arrow .td-social-naver .td-social-but-icon:after {\n                border-left-color: #3ec729;\n            }\n            .td-ps-icon-arrow .td-social-flipboard .td-social-but-icon:after {\n                border-left-color: #f42827;\n            }\n            .td-ps-icon-arrow .td-social-expand-tabs .td-social-but-icon:after {\n                display: none;\n            }\n            .td-ps-icon-color .td-social-facebook .td-social-but-icon {\n                color: #516eab;\n            }\n            .td-ps-icon-color .td-social-twitter .td-social-but-icon {\n                color: #29c5f6;\n            }\n            .td-ps-icon-color .td-social-pinterest .td-social-but-icon {\n                color: #ca212a;\n            }\n            .td-ps-icon-color .td-social-whatsapp .td-social-but-icon {\n                color: #7bbf6a;\n            }\n            .td-ps-icon-color .td-social-reddit .td-social-but-icon {\n                color: #f54200;\n            }\n            .td-ps-icon-color .td-social-mail .td-social-but-icon,\n            .td-ps-icon-color .td-social-digg .td-social-but-icon,\n            .td-ps-icon-color .td-social-copy_url .td-social-but-icon,\n            .td-ps-icon-color .td-social-copy_url-check {\n                color: #000;\n            }\n            .td-ps-icon-color .td-social-print .td-social-but-icon {\n                color: #333;\n            }\n            .td-ps-icon-color .td-social-linkedin .td-social-but-icon {\n                color: #0266a0;\n            }\n            .td-ps-icon-color .td-social-tumblr .td-social-but-icon {\n                color: #3e5a70;\n            }\n            .td-ps-icon-color .td-social-telegram .td-social-but-icon {\n                color: #179cde;\n            }\n            .td-ps-icon-color .td-social-stumbleupon .td-social-but-icon {\n                color: #ee4813;\n            }\n            .td-ps-icon-color .td-social-vk .td-social-but-icon {\n                color: #4c75a3;\n            }\n            .td-ps-icon-color .td-social-line .td-social-but-icon {\n                color: #00b900;\n            }\n            .td-ps-icon-color .td-social-viber .td-social-but-icon {\n                color: #5d54a4;\n            }\n            .td-ps-icon-color .td-social-naver .td-social-but-icon {\n                color: #3ec729;\n            }\n            .td-ps-icon-color .td-social-flipboard .td-social-but-icon {\n                color: #f42827;\n            }\n            .td-ps-text-color .td-social-but-text {\n                font-weight: 700;\n            }\n            .td-ps-text-color .td-social-facebook .td-social-but-text {\n                color: #516eab;\n            }\n            .td-ps-text-color .td-social-twitter .td-social-but-text {\n                color: #29c5f6;\n            }\n            .td-ps-text-color .td-social-pinterest .td-social-but-text {\n                color: #ca212a;\n            }\n            .td-ps-text-color .td-social-whatsapp .td-social-but-text {\n                color: #7bbf6a;\n            }\n           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.td-social-share-text .td-social-but-text,\n                .td-post-sharing-style16 .td-social-share-text .td-social-but-text {\n                    display: none !important;\n                }\n            }\n            @media (max-width: 767px) {\n                .td-post-sharing-style2 .td-social-share-text,\n                .td-post-sharing-style4 .td-social-share-text,\n                .td-post-sharing-style6 .td-social-share-text,\n                .td-post-sharing-style7 .td-social-share-text,\n                .td-post-sharing-style15 .td-social-share-text,\n                .td-post-sharing-style17 .td-social-share-text,\n                .td-post-sharing-style18 .td-social-share-text,\n                .td-post-sharing-style19 .td-social-share-text,\n                .td-post-sharing-style20 .td-social-share-text {\n                    display: none !important;\n                }\n            }\n\n        ]]><\/style>\n<\/div>\n<\/div>\n<div class=\"td-post-content tagdiv-type\">\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"363\"  alt=\"\" title=\"Offshore-Oil\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/12\/Offshore-Oil-696x363.jpg\" data- class=\"entry-thumb td-modal-image lazyload\"\/><noscript><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"363\" class=\"entry-thumb td-modal-image\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/12\/Offshore-Oil-696x363.jpg\"   alt=\"\" title=\"Offshore-Oil\"\/><\/noscript><\/div>\n<p><style><![CDATA[\n\/* custom css *\/\n.tdi_2.td-a-rec{\n\t\t\t\t\ttext-align: center;\n\t\t\t\t}.tdi_2 .td-element-style{\n\t\t\t\t\tz-index: -1;\n\t\t\t\t}.tdi_2.td-a-rec-img{\n\t\t\t\t    text-align: left;\n\t\t\t\t}.tdi_2.td-a-rec-img img{\n                    margin: 0 auto 0 0;\n                }@media (max-width: 767px) {\n\t\t\t\t    .tdi_2.td-a-rec-img {\n\t\t\t\t        text-align: center;\n\t\t\t\t    }\n                }\n]]><\/style>\n<p><noscript id=\"td-ad-placeholder\"\/><\/p>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\"><strong>Russia has banned oil sales to countries and companies that comply with a price cap agreed by Western nations earlier this month.<\/strong><\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The price cap \u2013 which was agreed by the G7 group of nations, Australia and the EU \u2013 came into force on 5 December.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The cap prohibits countries from paying more than $60 (\u20ac56; \u00a350) per barrel of Russian oil.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Russia has now said its oil and oil products will not be sold to anyone imposing the price cap.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The presidential decree said the ban would take effect for five months from 1 February until 1 July.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The decree also said Russian President Vladimir Putin could give \u201cspecial permission\u201d to supply to countries that fall under the ban.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The G7 group of major economies first put forward the idea of a price cap in September in order to stop Moscow from using oil revenue to finance the war in Ukraine.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Although Western demand for Russian oil fell after the invasion, Russian revenue remained high due to a price spike and demand elsewhere, including from India and China.<\/p>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">An EU-wide ban on Russian crude oil imported by sea is already in place, alongside similar pledges from the UK, the US, and others.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The price cap aims to reduce Russian oil revenue further. It stops any Russian crude sold for more than $60 from being shipped using G7 and EU tankers, insurance companies and credit institutions.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Many major global shipping and insurance companies are based within the G7.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">But earlier this month, Ukraine\u2019s President Volodymyr Zelensky called the price cap a \u201cweak\u201d idea that was not \u201cserious\u201d enough to damage the Russian economy.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Russia\u2019s Finance Minister Anton Siluanov said on Tuesday that Russia\u2019s budget deficit could be wider than the planned 2% of GDP in 2023 \u2013 with the oil price cap squeezing export income.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Oil is currently trading at around $80 a barrel \u2013 well down from the peaks of above $120, seen in March and June.<\/p>\n<p>Source: BBC<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><style><![CDATA[\n\/* custom css *\/\n.tdi_3.td-a-rec{\n\t\t\t\t\ttext-align: center;\n\t\t\t\t}.tdi_3 .td-element-style{\n\t\t\t\t\tz-index: -1;\n\t\t\t\t}.tdi_3.td-a-rec-img{\n\t\t\t\t    text-align: left;\n\t\t\t\t}.tdi_3.td-a-rec-img img{\n                    margin: 0 auto 0 0;\n                }@media (max-width: 767px) {\n\t\t\t\t    .tdi_3.td-a-rec-img {\n\t\t\t\t        text-align: center;\n\t\t\t\t    }\n                }\n]]><\/style>\n<p><noscript id=\"td-ad-placeholder\"\/><\/p>\n<\/div>\n<footer>\n<div class=\"td-block-row td-post-next-prev\">\n<div class=\"td-block-span6 td-post-prev-post\">\n<div class=\"td-post-next-prev-content\"><span>Previous article<\/span>Colleges of Education: Reintroduction of quota system shows govt can\u2019t pay feeding grants \u2013 Apaak<\/div>\n<\/div>\n<div class=\"td-block-span6 td-post-next-post\">\n<div class=\"td-post-next-prev-content\"><span>Next article<\/span>Access Bank rewards customers in first mini draw of triple salary promo<\/div>\n<\/div>\n<\/div>\n<\/footer>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Russia has banned oil sales to countries and companies that comply with a price cap agreed by Western nations earlier this month. The price cap \u2013 which was agreed by the G7 group of nations, Australia and the EU \u2013 came into force on 5 December. The cap prohibits countries from paying more than $60 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1270793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[1870,13006,462,1077,169,5339,1283],"class_list":["post-1270792","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bans","tag-cap","tag-countries","tag-oil","tag-price","tag-russia","tag-sales"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1270792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1270792"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1270792\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1270792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1270792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1270792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}