https://sputnikglobe.com/20221225/russia-rules-out-possibility-of-supplying-oil-at-forced-prices-set-by-west-1105778509.html
Russia Rules Out Possibility of Supplying Oil at Forced Prices Set by West
Russia Rules Out Possibility of Supplying Oil at Forced Prices Set by West
Sputnik International
MOSCOW (Sputnik) - Russia will look for new markets and logistics even at higher costs so as not to supply oil at prices set by the West, Finance Minister... 25.12.2022, Sputnik International
2022-12-25T07:31+0000
2022-12-25T07:31+0000
2022-12-25T07:31+0000
russia
russia
oil
anton siluanov
2022 russian oil price cap
https://cdn1.img.sputnikglobe.com/img/07e6/0b/0c/1104045331_0:11:2990:1693_1920x0_80_0_0_bf22c45c86f90bbb7c6667c5b51f3518.jpg
The minister also said that Russia will look for new consumers as the demand for oil is expected to increase.Earlier this month, the G7 nations (including the EU, associated with the club) and Australia capped Russian oil exports at $60 per barrel, citing the special military operation in Ukraine. Moscow lambasted the price cap, saying it was a brazen attempt to manipulate “the basic principles of free markets." Russia warned it wouldn’t sell oil to those countries that adopt the price restriction, while Deputy Prime Minister Alexander Novak noted that the country stands ready to reduce oil production as a response to the cap.
russia
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2022
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
russia rejects oil price cap, russia won't supply oil under cap, russian oil, price cap on russia oil
russia rejects oil price cap, russia won't supply oil under cap, russian oil, price cap on russia oil
Russia Rules Out Possibility of Supplying Oil at Forced Prices Set by West
MOSCOW (Sputnik) - Russia will look for new markets and logistics even at higher costs so as not to supply oil at prices set by the West, Finance Minister Anton Siluanov said on Sunday.
"We will not supply oil by contracts, which will indicate price limits offered by Western countries. This is out of the question. Russian President Vladimir Putin stated that Russia will not supply oil under agreements that specify price caps," Siluanov stated.
The minister also said that Russia will look for new consumers as the
demand for oil is expected to increase."We will look for new markets, we will look for new logistics, and perhaps it will be more expensive," Siluanov specified.
Earlier this month, the G7 nations (including the EU, associated with the club) and Australia
capped Russian oil exports at $60 per barrel, citing the special military operation in Ukraine. Moscow lambasted the price cap, saying it was a brazen attempt to manipulate “the basic principles of free markets." Russia warned it wouldn’t sell oil to those countries that adopt the price restriction, while Deputy Prime Minister Alexander Novak noted that the country stands ready to
reduce oil production as a response to the cap.
