Thursday, November 24, 2022

Russia will not supply oil to countries supporting price cap: Kremlin

Russia does not plan to supply oil and gas to countries supporting a price cap on Russian oil, the Kremlin said on Thursday, but will make a final decision once it analyses all the figures.

The G7 is looking at a cap on Russian seaborne oil at $65-$70 a barrel, though European Union governments have not yet agreed on a price and talks are set to continue.

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