Russia is preparing a response to the restriction of oil prices
2022.12.03 10:53
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Russia is preparing a response to the restriction of oil prices
Budrigannews.com – In its comments on Saturday, the Kremlin said that Russia “will not accept” restrictions on oil prices, and is also analyzing ways to respond to Western deals aimed at limiting the main sources of financing for Ukraine’s war.
According to the Russian state information service TASS, Kremlin spokesman Dmitry Peskov, Moscow is preparing for the announcement of price caps, which was made on Friday by the G7 countries, the EU and Australia.
The RIA Novosti news Agency quotes her as saying: “We will not accept this restriction.” According to RIA, Russia will respond if it immediately evaluates the agreement. Moscow’s ambassador to the international organization in Vienna, Mikhail Vinogradov, confirmed Russia’s positions on social networks on Saturday. Russia has repeatedly stated that it will not supply oil to countries imposing restrictions.
He said: “Since that year, Europe has been living without Russia’s oil.” Countries that are not members of the European Union can continue to export oil by sea at G7 marginal prices, but shipowners, insurance companies and insurance companies cannot handle Russian oil cargo worldwide unless it is sold for less than $60. Even countries that are not part of the agreement can make it difficult to supply oil from Russia at prices exceeding the marginal price.
On Friday, prices for a barrel of Russian oil brand “Ural” amounted to about $ 67. According to US Treasury Secretary Janet Yellen, the restriction will be especially beneficial for low- and middle-income countries, which have caused the main thrust to increase food and energy prices.
“Price restrictions will immediately hit Vladimir Putin, the most important source of Russian income, because Russia’s economy is already shrinking, and its budget is becoming increasingly depleted,” Yellen said in a statement. The Russian Embassy in the United States reacted to the “dangerous” step of the West, saying that Moscow will continue to look for oil buyers in the comments on Telegram.
It said: “Such steps will inevitably lead to an increase in uncertainty, as well as to an increase in consumer raw material costs.” “We are confident that Russian oil will continue to be used, despite the current flirtations with dangerous and illegal instruments.”
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