#episode5 - EU, G7, Australia - CAP PRICE on RUSSIAN OIL at USD 60 per barrel

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#episode5 USA, EU and the G 7 Countries and Australia agrees:

To introduce an Oil Price Cap of all purchases on Russia Oil-USD 60 Dollars per barrel, on seaborn Oil from Russia, transported by sea to be effective on Monday December 5 th, 2022.

27 Nations of the EU has agreed to impose this Oil Price Cap.

Ursula von der Leyen, EU President Commission says :

G7 /EU and Western Countries prohibits the Insurance Company to Cover Insurance Coverage upon

Ships/Tankers who are carrying this Crude Oil Purchased from Russia, which Purchase Price does not :

· impose this OIL Price Cap of USD 60 Dollars,

INSTRUMENT TOOL FOR ECONOMIC  WARFARE

We observe G7, EU, Australia, and their Western Partners are driving the prohibitions of marine insurance coverage for vessels and cargo as an instrument tool for economy warfare.

It is a customary business commercial accepted practice, that Insurance Coverage is mandatory for all Ships carrying Crude Oil around the World, to avoid and mitigate any and all kind of Losses, Liabilities, upon the Vessel, including, tankers which are carrying Huge Tons of Crude Oil through the Ocean International Waters

So the Western Countries, in practice has control monopoly on the Global Shipping Insurance Company including D'LOYD, London

All Global Shipping Insurance Company are based in USA and Europe. 

This also include risks during war time such as occurring in Ukraine.

Without this Insurance Coverage, the Ship carrying Crude Oil are not allowed to leave the Sea Harbor  Port.

INSURANCE COMPANY ARE PROHIBITED TO Cover Insurance Coverage.

Ursula Von Der Leyen, says that this Oil Price Cap has 3 Aims  :

1.Strengthen the effect of EU Sanctions against Russia

2.It will further diminish Russia's Income from selling Crude Oil.

3.Stabilize the Global Oil Price Market

The Price Cap will allow Non-EU to continue imports of Seaborne Russian Crude Oil, however, Insurance Company are prohibited to Cover the Insurance Coverage upon such Ships who carried such Oil from Russia, exceeding the Imposed Oil Cap of USD 60 Dollars.

The Western countries says that it will stabilize the Oil Price, and it will help the developing countries to cope with the Inflation problem

USA/G7/EU/Australia are ESCALATING ECONOMIC WARFARE

The USA, G 7, EU and Australia are escalating the Economic Warfare against Russia.

·      RUSSIA RESPONSE

Russia in response says that it does not want to sell the Oil to the Countries who are imposing this Oil Price CAP.

We will wait Russia's further reaction, 

• REMARKS : 

• At the present moment, we observed, from the Social Media, that India and the Peoples Republic of China already purchased Crude Oil from Russia on a 40% discount Price given by Russia, around USD 65 per barrel. 


• This was because India and the People's Republic of China was abstained during the United Nations Voting with respect to Russia Military Troops entering Ukraine on February 24, 2022
• 
  
• Based on the above prohibitions, imposed to the Insurance Companies.
• 
  
•  It is predicted that countries who are purchasing Crude Oil from Russia, with the process exceeding the above USD 60 Oil Cap per barrel, such as India and China who buys the Oil Price of USD 65, will face difficulties in seeking the Major Insurance Coverage from Reputable Insurance Company outside the Major Western Insurance Companies.