Russia is preparing a response to the EU’s introduction of a price ceiling for Russian oil

Russia does not recognize the price ceiling for Russian oil, said the press secretary of the President of the Russian Federation Dmitry Peskov. According to him, this decision is “a step towards the destabilization of global energy markets.”

“The decision is being prepared, but one thing is obvious here: we will not recognize any ceilings,” the Kremlin spokesman commented.

At the same time, Peskov said that as a result of this, Russian oil prices will change, noting that the restrictions imposed are “a step towards destabilizing global energy markets.” The presidential spokesman also said that the price ceiling and the oil embargo would not affect the financing and progress of the special operation. According to him, the Russian economy “has the necessary potential to meet all needs within the NWO.”

December 5, 2022 It entered into force a ban on the supply of Russian oil by sea to the EU countries. Along with it, a price ceiling for Russian energy resources was introduced at the level of $60 per barrel. The restrictions were approved by the G7 countries (G7, including the UK, Germany, Italy, Canada, the USA, France and Japan), as well as the EU countries and Australia. The size of the marginal price was agreed upon within a week. As a result, the EU countries managed to agree only on December 3.

Initially it was assumed that the ceiling would be set at $60 per barrel, but Greece and Malta proposed to increase it to $70 per barrel. However, the Baltic States and Poland considered such a restriction too “generous”. In particular, in Warsaw it was proposed to set the price ceiling at $30 per barrel.

In October, Russian President Vladimir Putin during a speech at the forum “Russian Energy Week» declaredthat Russia will not supply energy to those countries that will introduce a price ceiling on oil. According to him, Russia is a reliable partner and “always fulfills its obligations.” In this, according to Putin, Russia is “dramatically different” from Western countries, which “cynically refused to fulfill” contracts previously concluded with Russian companies.

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