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Russia won't accept oil price cap - Kremlin
2 monthes ago - By RT
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...
Read more ...EU and allies reveal price cap for Russian oil
2 monthes ago - By RT
Moscow has called the measure a redrawing of basic free market principles
The Group of Seven nations, Australia, and the EU have finally agreed on a price cap for Russian seaborne crude oil at $60 per barrel, paving the way for official approval over the weekend.
The measure will come into effect on December 5 or “very soon thereafter,” according to a joint statement issued by the G7 and Australia late Friday.
“The Price Cap Coalition may also consider further action to ensure the effectiveness of the price cap,” the statement read, without providing details on any further actions.
The G7...
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