Russia threatens to cut oil supply
Russian Deputy Prime Minister Alexander Novak assured that if they impose any restrictions they will take such a measure
The Russian government has threatened to cut off oil supplies to those countries that decide to put a cap on the price of Russian crude, an idea that the United States plans to bring to the G7 this Friday.
“If they impose restrictions on prices, we will simply not supply oil and oil products to companies or countries that impose restrictions”, said Russian Deputy Prime Minister Alexander Novak.
The member of the Russian Executive considers that “interference” in the market mechanisms of the oil industry only destabilizes it. According to Novak, this will make European and US consumers, who are already paying a high price for crude, pay even higher prices.
Treasury Secretary Janet Yellen was optimistic after a meeting with her British counterpart, Nadim Zahawi, about the progress made by the G7 negotiating teams in agreeing a price cap on oil from Russia.
Yellen believes that this measure will reduce the income that Putin “needs” to continue the war in Ukraine while reducing the pressure of energy prices on citizens.
K. Tovar
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Source: Euronews
