Currently, one barrel of Russian "Urals" brand oil has fallen to $43.72.

Axar.az reports that this was reported by "Bloomberg".

According to information, the change in the price of Russian oil is not caused by the G7 countries, the European Union, and Australia applying a price ceiling, but by leaving the European market.

According to Michael Carolan, analyst of "Argus" agency, there is currently no buyer for "Urals":

"Therefore, it is necessary to lower prices to attract distant buyers. This is not related to price bans, but to sanctions and self-restraint of European refiners."

It should be noted that the European Union has decided to set the price ceiling for Russian oil at the level of 60 dollars per barrel.