USA (bbabo.net), - Moscow is working on mechanisms to ban the use of the "ceiling" (price cap, English) on Russian oil, introduced by Western countries. This was announced today, December 4, by Deputy Prime Minister Alexander Novak, writes Profile.
“We are working on mechanisms to ban the use of price cap instruments, no matter what level is set, because such interference can only lead to further destabilization of the market and a shortage of energy resources, a decrease in investment,” he said.
According to Novak, it also includes other products that are currently traded on the market. And this can affect not only Russia.
As reported by bbabo.net, Alexander Novak said earlier that Russia would sell oil products only to those countries that would work on market conditions. He stressed that the "ceiling" of prices is unacceptable, as well as contrary to the rules of the market and the World Trade Organization.
The day before, US State Department Chief Economist Emily Blanchard said that the US administration supports the West setting a ceiling price for Russian oil at $60 per barrel, which will be adjusted if the set goals are not achieved.