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Anton Siluanov

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Gender Male
Age 61
Date of birth April 12,1963
Zodiac sign Aries
Born Moscow
Russia
NationalityRussian
Office First Deputy Prime Minister of Russia
ChildrenGleb Siluanov
ParentsGerman Siluanov
Yanina Siluanova
Job Politician
Economist
Financier
Height 178 (cm)
Education Financial University under the Government of the Russian Federation
Position Minister of Finance of the Russian Federation
Minister of Finance of the Russian Federation since 2011
Siblings Vsevolod Siluanov
Date of Reg.
Date of Upd.
ID576047
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Anton Siluanov Life story


Anton Germanovich Siluanov is a Russian politician and economist. He has the federal state civilian service rank of 1st class Active State Councillor of the Russian Federation.

Russia bans oil sales to countries using price cap

Jun 26,2022 2:20 am

Russia has banned oil sales to countries and companies that comply with a price cap agreed by Western nations

The Price cap - which was agreed by the G7 group of nations, Australia and the EU - came into force on 5 December.

The cap prohibits countries from paying More Than $60 (€56; £50) per Barrel of Russian oil.

Russia has now said its oil and oil products will not be sold to anyone imposing The Price cap.

The presidential decree said the ban would take effect for five months from 1 February until 1 July.

The decree also said Russian President Vladimir Putin could give " special permission" to supply to countries that fall under the ban.

The G7 group of major economies first put forward the idea of a price cap in September in order to stop Moscow from using oil revenue to finance The War in Ukraine.

Although Western demand for Russian oil fell after The Invasion , Russian revenue remained high due to a and demand elsewhere,

An EU-wide ban on Russian Crude Oil imported by sea is already in place, alongside similar pledges from

The Price cap aims to reduce Russian oil revenue further. It stops any Russian crude sold for More Than $60 from being shipped using G7 and EU tankers, insurance companies and credit institutions.

Many major global shipping and insurance companies are based within the G7.

But earlier this month, Ukraine's President Volodymyr Zelensky called The Price cap a " weak" idea that was not " serious" enough to damage The Russian economy.

Russia's Finance Minister Anton Siluanov said on Tuesday that Russia's budget deficit could be wider than the planned 2% of GDP in 2023 - with the oil price cap squeezing export income.

Oil is currently trading at around $80 a Barrel - Well down from the peaks of above $120, seen in March and June .



Source of news: bbc.com

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