The price ceiling imposed by the West on Russian oil exports will impact the nations adopting the measure rather than Russia itself, President Vladimir Putin said on Friday. He noted that the cap is equal to prices at which the country is currently selling its crude. “We won’t sustain losses …
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Russia won’t sell oil at the $60 price limit agreed by the EU and G7 nations, Deputy Prime Minister Alexander Novak said on Sunday. Novak added that Moscow is “working on mechanisms” to bypass the price cap. The EU agreed to cap the price of seaborne Russian oil at $60 …
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The EU has reached a tentative deal to impose a price cap on the sale of Russian oil to third countries, Politico Europe reported on Tuesday citing diplomatic sources. Cyprus, Greece and Malta had concerns about the potential impact on their shipping industry, but were reportedly promised concessions. The price …
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Russia will not supply natural gas and oil below market price to any country, Energy Minister Nikolay Shulginov has confirmed, rejecting the “price cap” idea floated by EU officials as an attempt to force a “cartel deal” on Moscow. “We will definitely not sell at a loss or below cost. …
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EU energy ministers have failed to reach a consensus on setting a price cap on Russian gas at an emergency meeting on Friday, Hungarian Minister of Foreign Affairs Peter Szijjarto told reporters. “Today there was no solution, there was only a political dispute, which served as a reference point for …
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At least ten European countries are pushing for a ceiling on gas prices for all suppliers, not just Russia, for fear of angering Moscow and losing Russian gas completely, Financial Times reported on Friday, citing sources. According to the report, Italy, Poland, and Greece are among the proponents of the …
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Beijing opposes the decision made by the G7 nations to introduce a price cap on Russian oil, Chinese Foreign Ministry Spokesperson Mao Ning said on Monday. “Oil is crucial for ensuring global energy security,” she told a briefing, adding: “we hope that the countries concerned… will make constructive efforts, and …
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The finance ministers of the Group of Seven influential nations announced on Friday their intention to ban maritime services transporting Russian oil if its price is not approved by ‘international partners.’ “We commit to urgently work on the finalization and implementation of this measure,” representatives from the US, Canada, Germany, …
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The finance ministers of the Group of Seven nations are likely to reach an agreement on Friday on capping the price they’re willing to pay for Russian oil, Reuters news agency has reported, citing anonymous sources. The officials are expected to reveal the general outline of a plan following an …
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The EU imposed sanctions against Moscow and closed off supply routes, but now wants to blame the gas shortages on Gazprom, Russian President Vladimir Putin said on Tuesday. Russia is ready to deliver as much gas as Europe needs, if the EU wishes to stop “stepping on rakes,” Putin said …
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