Saturday, December 3, 2022

Russia says again it will not accept oil price cap and is preparing response

Russia “will not accept” a price cap on its oil and is analyzing how to respond, the Kremlin said in comments reported on Saturday, in response to a deal by Western powers aimed at limiting a key source of funding for its war in Ukraine.

Kremlin spokesman Dmitry Peskov said Moscow had made preparations for Friday’s price cap announcement by the Group of Seven nations, the European Union and Australia, the Russian state news agency TASS reported.

“We will not accept this cap,” RIA news agency quoted him as saying.

1 comment :

  1. Russian foreign officer Mikhail Ulyanov warned that Europe will have to live without their oil due to imposed price cap that Moscow rejects.

    Russia’s permanent representative to international organizations in Vienna, Ulyanov, wrote on Twitter that “Europe will live without Russian oil”.

    “Moscow has already made it clear that it will not supply oil to those countries that support anti-market price caps. Very soon the EU will accuse Russia of using oil as a weapon.”

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