would destabilise global energy markets but would not affect its ability to sustain what it calls its"special military operation" in Ukraine.Friday's move by the G7 and allies"Russia and the Russian economy have the required capacity to fully meet the needs and requirements of the special military operation," Peskov told reporters when asked if the move would undermine Moscow's military effort.
The move by the G7, European Union and Australia will allow other countries to continue importing seaborne Russian oil but it will prohibit shipping, insurance and re-insurance companies from handling cargoes of Russian crude unless it is sold for less than US$60 a barrel. Several Russian officials have previously said Moscow will not sell oil to countries that abide by the cap.
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