Russia will not export oil subject to Western price cap, deputy prime minister says

Russian Deputy Prime Minister Alexander Novak said on Sunday the move by the West was a gross interference which contradicted the rules of free trade and would destabilise global energy markets by triggering a shortage of supply.

"We will sell oil and petroleum products only to those countries that will work with us under market conditions, even if we have to reduce production a little," he added. Urals blend , was trading at around $61.3 per barrel - just over one dollar above the cap level. Brent crude futures closed at $85.57 per barrel on Friday.

A source who asked not to be identified due to the sensitivity of the situation told Reuters that a decree was being prepared to prohibit Russian companies and traders from interacting with countries and companies guided by the cap.

EU screwing itself again. Now it will have to purchase it's oil through a 3rd party at 4x the price even though it will still be Russian oil. Same idiocy they did on gas.

Good. Exactly what the world needs. Starve the Beast! 👍

Logique il fallait s y attendre Bref,faudra s acheter une bouillotte en Europe 🥶🥶🥶🥶

Winter weaponization

great response. perfect way to handle capitalism leaders

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