Saturday, December 3, 2022

Russia says again 'will not accept' price cap on oil exports

Russia “will not accept” the price cap imposed by EU and G7 countries on its oil exports, the Kremlin said on Saturday.

“We are analyzing it now. Some preparation has been made,” Kremlin spokesman Dmitry Peskov told reporters in Moscow.

“We will not accept this cap, and we will inform you … after the analysis, which will be carried out quickly,” he added.

EU countries on Friday agreed on a $60 per barrel price cap for Russian crude oil exports transported by sea, and have been joined by the G7 states and Australia.

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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