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Novak: Russia's refusal to set a ceiling on the price of its oil has not changed

2022-12-04T16:26:29.881Z


Moscow, SANA- Russian Deputy Prime Minister Alexander Novak affirmed that Russia's position rejects the attempt to impose a price ceiling on oil prices


moscow-sana

Russian Deputy Prime Minister Alexander Novak confirmed that Russia's position rejecting the attempt to impose a price ceiling on Russian oil has not changed.

Novak was quoted by the Novosti agency as saying: “Russia will sell oil products and oil derivatives only to countries that will operate according to market conditions, even if that would require reducing production,” noting that imposing a ceiling on oil prices is unacceptable and Russia will not sell its oil to countries that implement this decision.

Novak added, "His country is studying mechanisms that allow it to avoid selling oil to countries that impose a ceiling on prices," and it will sell oil and its derivatives only according to market rules, pointing out that OPEC+ countries have reaffirmed the old decision to reduce oil production by two million barrels per day, and that it The decision was taken with the aim of stabilizing the markets.

The G7 countries and Australia announced that they had reached a consensus on imposing a maximum purchase price of Russian oil at a price of $60 per barrel, so that this decision would take effect as of December 5 or shortly after this date, which Russia confirmed its strong rejection of. It has implications for global energy markets.

Follow SANA's news on Telegram https://t.me/SyrianArabNewsAgency

Source: sena

All business articles on 2022-12-04

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