Moscow: Russia has made an important statement regarding the sale of oil to India and China amid preparations by Western countries to impose a price cap on Russian oil. Russia has said it is not at all concerned about a possible price cap. Russia made it clear that it would directly deal with India and China in oil. Russia took a dig at the price cap, saying the price should be set by sellers and buyers, not those trying to fix it with the intent of punishing someone.
In fact, due to the Ukraine war, the US-dominated G-7 group and the European Union are trying to jolt Russian President Vladimir Putin by fixing Russian oil prices as soon as possible. Western countries think that by doing this, the funds that Russia is using for the war in Ukraine will decrease. Western countries may announce a price cap on Russian oil by December 5. According to the discussions so far, the price of Russian oil can be fixed at 65 to 70 dollars per barrel.
Regarding the price cap, Russian Foreign Minister Sergei Lavrov said in a press conference that Moscow is not at all worried about this price cap. The Foreign Minister said in his statement that, 'We are not at all interested in knowing what will be the price cap, we will deal directly with our partners. And the associates who want to continue working with us, should not pay attention to this cap, nor give any guarantee to those who bring this cap illegally.'
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