Warsaw — Poland is prepared for a Russian ban on oil sales to countries implementing a price cap, the climate minister said, with the country having cut its intake of Russian crude and secured alternative supplies from producers such as Saudi Arabia.
The Group of Seven (G7) nations and allies including Poland this month agreed a $60 per barrel price cap on Russian seaborne crude. In response, President Vladimir Putin on Tuesday signed a decree that bans the supply of crude oil and oil products from Feb. 1 for five months to nations abiding by the cap.
“We are prepared to process all types of crude oil, this is our advantage,” Minister of Climate and Environment Anna Moskwa told a news conference.
Moskwa also said that she believed the next EU sanctions package would include a decision on banning Russian oil.
Poland is seeking German support to slap EU sanctions on the Polish-German section of the Druzhba crude pipeline so Warsaw can abandon a deal to buy Russian oil next year without paying penalties, two sources familiar with the talks told Reuters in November.
Poland and Germany promised in spring to try to end imports of Russian oil via Druzhba’s northern leg by the end of year, but Orlen remains tied to its contract with Russian oil and gas company Tatneft
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