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    Novak conceived to refuse supplies to those who agreed to the oil price ceiling

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    Russia will not supply oil to countries that have introduced a price ceiling, Deputy Prime Minister Alexander Novak said. According to him, the government is already considering how to avoid supplies, the quote is given by TASS.

    “In our practice, we are not going to use tools related to with price cap. To do this, we are now working on mechanisms to ban the use of price cap instruments, regardless of what level is set, because such interference, we believe, can only lead to further destabilization of the market,” Novak emphasized.

    According to him, this may affect not only oil, but also other products that are traded on the market today, and will also affect not only Russia, but also other countries.

    Earlier, the European Union published a decision on the introduction of a ceiling on oil prices from Russia. The appendix to the document contains a table, according to which the price per barrel is indicated at $60.

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