Russia could cut oil supplies in retaliation for capping oil prices

Russia could cut oil supplies in retaliation for capping oil prices
Russia could cut oil supplies in retaliation for capping oil prices

Moscow – Russia could stop oil supplies abroad in a situation where the G7 group of developed countries wants to introduce a price ceiling for Russian oil, Russian presidential spokesman Dmitry Peskov said. The Kremlin spokesman also stated that Western sanctions are the cause of the interruption of gas supplies through the Nord Stream 1 pipeline to Europe.

According to the TASS agency, Peskov responded today to the question of journalists when Moscow could cut supplies in light of the fact that the G7 group of countries wants to cap the price of Russian oil. . Finance ministers and central bank governors of the G7 group agreed on such a procedure on Friday.

The measure is due to come into force on December 5 for crude oil and on February 5 next year for refined oil products, and is to include, among other things, the blocking of the shipment of oil and its products if it is bought at a higher price.

At the same time, Peskov today denied that Russia was responsible for the interruption of gas supplies to Europe via the Nord Stream 1 pipeline. According to him, the interruption of transportation is due to the Western sanctions imposed on Russia, which make it difficult, among other things, to maintain the gas pipeline.

“The collective West, in particular the European Union, Canada and Britain, are to blame for the fact that the situation has reached such a point,” the agency quoted the presidential spokesperson as saying.

Russia’s state-owned gas company Gazprom cut gas supplies last week on Wednesday through the Nord Stream 1 pipeline, which transports gas from Russia to Germany along the bottom of the Baltic Sea. He explained that it was another maintenance that was supposed to end on Saturday morning. But on Friday evening, Gazprom said that maintenance work revealed an oil leak in the compressor station and that the pipeline would remain out of service indefinitely. The price of gas in Europe rose by 30 percent after this disruption.

EU Russia Ukraine World diplomacy fight energy economy G7 Nordstream

The article is in Czech

Tags: Russia cut oil supplies retaliation capping oil prices

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