Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Kremlin: Setting Price Cap on Russian Oil Won't Affect War


Mon 05 Dec 2022 | 05:54 PM
Kremlin Spokesperson Dmitry Peskov
Kremlin Spokesperson Dmitry Peskov
Israa Farhan

On Monday, Moscow stressed that setting a price cap on Russian oil by Western countries would not have repercussions for the Russian attack in Ukraine.

Kremlin Spokesperson Dmitry Peskov warned against "destabilizing" the global energy market.

Peskov confirmed that the Russian economy "has all the necessary capabilities" to finance the military offensive, adding that "such measures will not affect it," referring to the European Union, the six countries, and Australia setting a ceiling for the price of Russian oil to influence Moscow's revenues.