Russia to suspend oil supplies to states that will impose restrictions on price of its oil

 Russia will suspend supplies of oil and petroleum products to states, which will decide to restrict the price of oil from the country, Deputy Prime Minister Alexander Novak told reporters on Thursday.

"As far as price restrictions are concerned, if they impose restrictions on prices, we will simply not supply oil and petroleum products to such companies or states that impose restrictions as we will not work non-competitively," he said.

Novak also slammed the proposals to impose restrictions on the price of Russian oil as "completely absurd," adding that the measure could completely destroy the global oil market.