Discount on Russian oil grew in January mainly due to the rise in freight prices, Russian Deputy Prime Minister Alexander Novak said.
"I hope that this situation will be temporary. The discount should decrease over time, as we observed during 2022, when in March-April, the discount grew strongly, and then began to gradually fall and halved," Novak said.
"Now the main risk is, in my opinion, the discount. The second is the embargo on the supply of petroleum products and the price ceiling being introduced. We will respond, we will report, take all necessary measures to ensure supplies to new markets, logistics, transportation," he added.
Russian Energy Ministry earlier said it would adopt additional measures to limit a possible discount on Russian oil to limits based on market prices, including monitoring oil prices and the size of the discounts.
