Moscow responds to Russian oil price cap: ‘We won’t sell’

Russia It works to put in place mechanisms to prohibit supplies subject to a price cap.

The Russian stance comes as the West is betting on a price ceiling Russian oilin an attempt to deprive Moscow of the financial resources it obtains through the sale of oil.

and imposed united stateRussia, along with its Western allies, has imposed sanctions on the Russian economy since Moscow launched military operations in neighboring Ukraine on February 24.

The senior Russian official continued "We will not deal with the cap on oil prices even if we have to cut production".

Zelensky has doubts

For his part, Ukrainian President Volodymyr Zelensky said on Saturday that setting the G7 countries and Australia as the price ceiling for Russian seaborne oil at $60 was not a serious decision and would do little to dissuade Russia from its war in Ukraine.

Meanwhile, the European Union accepted the ceiling after it was agreed on Friday by the Group of Seven and Australia.

This measure aims to reduce Russia’s revenue from the sale of oil and prevent a rise in world prices.

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Novak said, in press statements, that: Russia It works to put in place mechanisms to prohibit supplies subject to a price cap.

The Russian stance comes as the West is betting on a price ceiling Russian oilin an attempt to deprive Moscow of the financial resources it obtains through the sale of oil.

and imposed united stateRussia, along with its Western allies, has imposed sanctions on the Russian economy since Moscow launched military operations in neighboring Ukraine on February 24.

“We will not trade under the oil price cap, even if we are forced to cut production,” the senior Russian official added.

Zelensky has doubts

For his part, Ukrainian President Volodymyr Zelensky said on Saturday that setting the G7 countries and Australia as the price ceiling for Russian seaborne oil at $60 was not a serious decision and would do little to dissuade Russia from its war in Ukraine.

Meanwhile, the European Union accepted the ceiling after it was agreed on Friday by the Group of Seven and Australia.

This measure aims to reduce Russia’s revenue from the sale of oil and prevent a rise in world prices.

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