Posted: 25.11.2022 15:36:00

Russia will stop oil supplies to countries supporting price cap

Russia will not supply oil to countries that impose a price cap – as informed by the official representative of the Russian Foreign Ministry, Maria Zakharova, TASS reports


"We have repeatedly said that the implementation of the so–called Russian oil price cap is an anti-market measure, that disrupts supply chains and can seriously complicate the situation on global energy markets. Russia does not intend to supply oil to countries that will join the buyers' cartel," Ms. Zakharova said, adding that ‘any oil–producing countries also oppose this policy’.

"A tough price dictate undermines the world trade system and creates a dangerous precedent not only in the energy market, but also for international trade in general," she noted.