“Cyprus Finance Minister Konstantinos Petrides expressed concern about the US desire to prevent the transportation of Russian oil by ships under the Cypriot flag,” Bloomberg reported, citing sources.

The agency said: “Sources said the United States is pressing Cyprus to prevent Cypriot-flagged ships from transporting Russian oil to third countries.”

US Treasury Secretary Janet Yellen spoke on Monday with her Cypriot counterpart Petrides. The parties discussed the possibility of imposing a price ceiling on Russian oil in addition to mitigating the spillover effects of the global economy.

The embargo imposed by the European Union and the United States on the purchase of Russian oil led to a sharp increase in prices, which allowed the Russian Federation to redirect large volumes of raw materials to other markets, primarily to Asia, for example, to India and China. . As a result, even by selling less oil in installments, Russia increased its revenues as a result of Western sanctions, while the European Union and the United States suffered losses, including the side effect of inflation.