Russia criticizes introduction of limited price for Russian oil

The Russian Embassy in the United States has claimed that agreeing on a "price ceiling" for the supply of Russian tanker oil means "redrawing the basic principles of the functioning of free markets."

Source: European Pravda, citing Interfax, the Russian Kremlin-aligned news agency

Quote by the Russian Embassy: "The result of such steps will be a widespread increase in uncertainty and increased costs for consumers of raw materials. Moreover, none of the countries is now immune from the introduction of a "ceiling" against their export products for political reasons" 

The comment went on to say that the U.S. government, while "hiding behind decent goals of supporting the energy security of developing countries," is silent about the fact that "the current imbalances on energy sites are the result of their rash actions." "First of all, [it concerns] sanctions and bans on resources from Russia," the Russian Embassy emphasised.

The Russian side has expressed confidence that "regardless of the current 'flirting' with the dangerous and illegitimate instrument, oil from the Russian Federation will continue to be in demand."

Earlier, after reaching an agreement between the 27 member states of the European Union, the members of the G7, as well as Australia (together with the "Coalition for price restriction") price restrictions were imposed on the oil delivered by sea from the Russian Federation. The price cap made US$60 per barrel.

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