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Biden: Russia can continue to export oil but it must be well below the market price

 Last Update: 2023-02-20
 Source: Internet
 Author: User

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The Russian Satellite News Agency reported on June 2 that US President Joe Biden said that the West is exploring the feasibility of buying Russian oil at below-market prices, rather than abandoning imports
.

Biden reportedly said the United States and its allies are seeking ways to curb the surge
in oil prices triggered by energy supply problems.

Biden's speech at the White House (Reuters)

"There is now a conundrum, and Europe has decided to further restrict the purchase of Russian oil
," Biden said.
People are actively thinking about what can be done, maybe buy large amounts of oil, but at a set price
.
”

Biden said that if such a decision is made, then Russia will be able to continue exporting oil, but at a price much lower than the current price
on the market.

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