Moscow’s response to Western sanctions – Russian Deputy Prime Minister Alexander Novak spoke of intervention and moves that will destabilize the market
THE Russia will suspend supplies oil and oil products in the states, which will decide to limit the price of oil, the deputy prime minister told reporters on Thursday Alexander Novakthe TASS agency reported.
“If they impose price restrictions, we simply will not supply oil and oil products to such companies or states that impose restrictions, as we will not work uncompetitively”he said.
Novak also criticized proposals to cap the price of Russian oil as “absolutely absurd”, adding that the measure could completely destroy the global oil market.
“Interfering with the market mechanisms of such an important industry as the oil industry, which is the most important in terms of ensuring the energy security of the whole world, such efforts will only destabilize the oil industry, the oil market”, he said. noting that European and American consumers already paying high prices for energy now will pay for the measure initially.
“This will completely destroy the market”stressed the Russian deputy prime minister.
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