According to Dmitry Peskov, the ceiling on the price of Russian oil decided by the EU will not have an impact on Russia’s attack on Ukraine
The cap on the price of Russian oil decided by Western countries will have no impact on Russia’s attack on Ukraine, the Kremlin assured today, warning instead of a “destabilization” of the global energy market
The Russian economy “has all the necessary capabilities” to finance the military attack, Kremlin spokesman Dmitry told reporters. Peskov. “Measures of this kind will have no impact” on the intervention in Ukraine, he insisted.
“On the contrary, these measures will undoubtedly have an impact on the stability of the global energy market (…) It is a step towards its destabilization,” Peskov continued, adding that Moscow was “preparing” countermeasures.
The EU, G7 countries and Australia agreed to cap the price of Russian oil, a measure that comes into effect today.
The aim of this new sanction, imposed on Russia, is to deprive it of a part of its huge revenues from the sale of its hydrocarbons and thus reduce its ability to finance its war in Ukraine.
The Kremlin had already warned that it would not deliver oil to countries that would adopt the cap mechanism, a position that was reiterated yesterday, Sunday, by the Russian Deputy Prime Minister in charge of Energy Affairs, Alexander Novak.
Russian news agencies, citing his remarks, reported that he also noted that Russia was working “on mechanisms to prohibit the use of the capping tool, regardless of the level at which it is set.”
“Intervention of this kind can only cause more destabilization of the market and shortage of energy resources,” emphasized Novak.
The price of a barrel of Urals crude was currently hovering around $65, barely above the $60 ceiling.
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