Two types of Russian oil have breached Western price caps, threatening to trigger tighter sanctions

　　The actual transaction price of some refined oil products in Russia (RUS) has exceeded the price ceiling set by the Group of Seven (G-7), which may trigger the tightening of sanctions by Western countries.

　　Since February, the West has imposed two price caps on Russian refined oil products, $100 and $45.

　　Argus Media said that naphtha and fuel oil have exceeded $45, while diesel has exceeded $100 and gasoline has approached $100. Last month, Russia's flagship Urals crude oil breached the oil price ceiling for the first time since the sanctions came into effect.

　　A senior US administration official said the countries that signed up to the cap were continuing to monitor implementation of the policy, adding that Russia's formation of a fleet to deliver oil was a sign of the measure's success as no commercial fleet was willing to undertake business from the country.