Russia says it won't accept oil price cap and is preparing response

Posted on AllSides December 3rd, 2022
From The Center
REUTERS/Tatiana Meel

Russia "will not accept" a price cap on its oil and is analysing how to respond, the Kremlin said in comments reported on Saturday, in response to a deal by Western powers aimed at limiting a key source of funding for its war in Ukraine.

Kremlin spokesman Dmitry Peskov said Moscow had made preparations for Friday's price cap announcement by the Group of Seven nations, the European Union and Australia, the Russian state news agency TASS reported.

"We will not accept this cap," RIA news agency quoted him as saying....

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https://www.reuters.com/business/energy/russia-price-cap-is-dangerous-will-not-curb-demand-our-oil-2022-12-03/

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