‘Ceiling price’ warning from Russia: We do not sell oil

WALL – Russian Deputy Prime Minister Aleksandr Novak said that they will not sell oil and petroleum products to countries and companies that support the application of ceiling prices for Russian oil.

According to the news of Anadolu Agency, Russian Deputy Prime Minister Aleksandr Novak, in a statement to journalists in the capital Moscow, evaluated the attempts of the G7 countries, especially the USA, to implement a ceiling price for Russian oil.

Describing the initiatives in question as “nonsense”, Novak said, “interfering with the operation of the oil market, which provides the world’s energy security, will cause this market to become destabilized. This will completely destroy the market.”

Emphasizing that if restrictions are imposed on the price of Russian oil, Novak said, “Then we will also impose restrictions. We will not supply oil and petroleum products to such companies or countries because we will not work in non-market conditions.”

Deputy Prime Minister Novak added that the Organization of Petroleum Exporting Countries (OPEC) and the OPEC+ group, which consists of some non-OPEC producer countries, China and India do not support the initiative in question.

G7 countries, especially the USA, want to impose a ceiling price on Russian oil in order to reduce Russia’s energy revenues.

US Treasury Secretary Janet Yellen said she was optimistic about the significant progress made in implementing the Russian oil cap. (NEWS CENTER)

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