“Our oil and oil products will be redirected to the countries that are ready to cooperate with us,” said the Governor of the Central Bank of Russia
THE Russia will not supply oil to countries that decide to put a ceiling on the price of oilthe governor of the Central Bank of Russia said today during a briefing, Elvira Nabiulina.
Nabiullina added that the proposal by the G7 countries, which aims to strip Russia of energy revenues in an attempt to limit Moscow’s options to finance its military campaign in Ukraine, it will also lead to an increase in international oil prices.
“As I understand it, we will not supply oil to those countries that will impose such a cap, and our oil and oil products will be redirected to countries that are ready to cooperate with us,” Nabiullina said.
The plan that provides for the imposition of a ceiling, and which was first put on the floor by the US Treasury Secretary Janet Yellencould be set at half the Russian purchase price, although the final deal and price level has yet to be announced.
RES-EMP
View the news feed and get the latest news.
