Peskov announced a decree on the response to the price ceiling "in the coming days"
Photo is illustrative in nature. From open sources.
RUSSIA will complete discussions on the response to the Russian oil price ceiling in the coming days, and President Vladimir Putin will issue a corresponding decree, said press secretary of the HEAD of state Dmitry Peskov, RBC correspondent reports.
“In the coming days, this discussion will be finalized and institutionalized in the form of a presidential decree,” he said.
Norway, following the EU, introduced a price ceiling for Russian oil Economics
The price ceiling for Russian oil at $60 per barrel was introduced by the G7 countries ( usa , UK, Germany, France, CANADA, Italy and Japan), as well as Australia and the European Union, later Norway joined them. The restriction came into effect on December 5. The goal was to reduce Russia's income and its ability to finance a military operation in Ukraine.
The Kremlin has repeatedly stated that Russia will not supply energy to countries that will introduce a price ceiling. Deputy Prime Minister Alexander Novak said that Moscow would redirect supplies to "market-oriented partners" or cut production.
Peskov called the decision of the Western countries "a step towards destabilizing the world energy markets" and announced the preparation of a response. On December 8, he said that the study was being completed, the decision would be announced in an “appropriate” manner.
Moscow, in response to the restriction, is considering the possibility of introducing a fixed price for oil or a maximum level of discount to international brands with which they can be sold, BLOOMBERG reported citing sources. Interlocutors close to the government of Vedomosti spoke about three answers. One of them is a complete ban on the sale of oil to countries that supported the restrictions. Also under consideration are a ban on exports under contracts, which includes a price ceiling condition, and the determination of the maximum discount of Russian Urals oil to the benchmark grade Brent.
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