• Most recently, the European Union on Friday struck a deal for a $60-a-barrel price cap on Russian oil, a significant step as Western sanctions aimed at funding President Vladimir Putin for his war in Ukraine threaten global oil prices. Reorganize the market.
Russia has rejected the $60 per barrel price cap on its marine crude oil set by the European Union, the Group of Seven (G7) countries and Australia a few days ago.
According to TASS Russian news agency, Kremlin spokesman Dmitry Peskov said, "We are assessing the situation. Some preparations were made for such a cap. We will not accept the price cap and we will inform you that a How will the bar work be organized." Evaluation is over."
On Friday, the European Union reached an agreement on Friday for a $60-per-barrel price cap on Russian oil, a significant move as Western sanctions aim to choke the global oil market by curbing price rises and President Vladimir Putin on his war footing. To starve for funding. Ukraine.
Europe was required to set a concessional price that other nations will pay until Monday when the EU will impose sanctions on Russian oil shipped by sea and restrictions on insurance for those supplies.
Subsequently, the G7 nations and Australia also agreed to adopt a $60 per barrel price cap on Russian oil.
Western governments have agreed to cap the price of Russia's oil exports in an effort to limit fossil fuel income that supports Moscow's budget, its military and invasion of Ukraine.
The cap is set to take effect from Monday, the same day the EU will lift a boycott on most Russian oil - its crude that is shipped by sea.
However, Ukrainian President Volodymyr Zelensky has said that the price cap on Russian oil is not "serious" as it is "quite comfortable" for Moscow.
"Russia has already caused enormous damage to all countries of the world by deliberately destabilizing the energy market," he argued, calling the decision on the price cap a "weak position".
Zelensky said, "It is only a matter of time before stronger instruments have to be used". "It is a pity that this time will be lost".
Zelensky complained that the world had shown weakness by setting a limit of $60, which he said would increase Russia's budget by $100 billion annually.
"This money ... will go precisely towards the destabilization of countries that are now trying to avoid serious decisions," he said.
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