7.1 C
Delhi
Friday, January 27, 2023

Russia won’t accept oil price cap – Kremlin

The EU and allies had earlier agreed to a $60 per-barrel price ceiling for Russian crude

Moscow is not planning to recognize the price cap on Russian seaborne oil exports, Kremlin spokesman Dmitry Peskov said on Saturday, adding that the government is currently carrying out a review of the situation.

“Now we are analyzing,” Peskov told journalists. “Some preparation was carried out for such a ceiling. We will not accept this ceiling, and we will provide further information on how the work will be organized after the review.”

On Friday, the EU finally agreed to cap the price of Russian seaborne crude at $60 per barrel, which had been proposed by the US and backed by the Group of Seven in September. The step paves the way for official approval of the measure over the weekend.

ADVERTISEMENT

DETAILS TO FOLLOW

https://ift.tt/NFVA029 03, 2022 at 07:24PM
from RT – Daily news

ADVERTISEMENT

Support Us

Secured by Paypal

Related Stories

Check out other tags:

Most Popular Articles