The US Treasury has urged top traders to trade Russian oil

pxhere.comThe US Treasury has urged Trafigura and Gunvor not to be afraid to enter into contracts for the supply of oil from Russia, which trades under the price cap set by the West. This is reported by the Financial Times with reference to sources.

As one of the participants in the agency’s meeting with traders told the publication, the United States “has been actively calling” for the resumption of trade in Russian oil. Although Washington did not prevent its fuel from being traded below the price cap, major oil traders were reluctant to get involved.

The United States is trying to cut Moscow’s oil and gas revenues, but at the same time wants to quit black gold supplies from Russia, fearing the consequences of freezing supplies from one of the largest exporters, says the publication. A White House spokesman told the newspaper they were encouraged by the stability of the oil market despite falling Russian revenues.