The price of Russian Urals oil in January 2023 was $49. 48, which is the lowest since December 2020 and at -42. 2%cheaper than a year ago. Such data was published by the Russian Ministry of Finance.

"

For comparison, the average price of Brent oil on world markets in January was $84, $81. 5 - in December and $90. 8 - in November.

Thus, the Urals discount to Brent in January amounted to about $35 or 41%.

Recall that already at $50 per barrel in Russia, 2 trillion rubles of oil and gas revenues were missing.

And this year the budget of the Russian Federation may record a deficit of 5 trillion. rubles.

In the future, price and quantity restrictions on the sale of Russian oil products will be an even greater blow to Russia. After all, oil products are a big item in the Russian budget.. And the sale of gas gives too little, especially considering that now it is mainly sales directed to China..

Recall also that from December 5, 2022, there is an embargo on Russian oil and a price ceiling of $60 per barrel introduced by the G7 countries, the EU and Australia.. Such sanctions prohibit European companies from insuring the transportation of Russian oil by sea to third countries..

The West is preparing new restrictions on the export of Russian oil products.

The sanctions will set two price limits for Russian oil products: for more expensive ones, such as diesel fuel, and for cheaper ones, like fuel oil..

The country already now rests only on the habit of Russians in the provinces to live in begging, experts say.

The new sanctions restrictions are expected to have even more serious economic consequences, as they will come into force on the same day that the EU bans the import of Russian diesel fuel and other petroleum products..