Russian Foreign Ministry: Limiting the price of Russian oil will complicate the situation in the global energy market

Russian Foreign Ministry spokesperson Zakharova said at a press conference on the 30th that setting a price cap on Russian oil will complicate the situation in the global energy market
.

Zakharova said that the price limit mechanism for Russian oil is not only a "non-market mechanism", but even an "anti-market method"
.
Setting a price cap on Russian oil will disrupt supply chains and essentially complicate
the situation in global energy markets.

She stressed that Russia will not sell oil to countries that support such provocative anti-Russian ideas, which carry an anti-Russian orientation, the consequences of which will be devastating
for all parties.

European Union diplomats said on November 29 that EU member states are trying to agree
this week on a price cap on oil exports to Russia.
Due to the opposition of Poland and other member states to the price limit proposed by the G7, the content of the agreement has been delayed, and the deadline set before is approaching
.

According to Reuters, if the EU does not reach an agreement on the oil price ceiling proposed by the G7 by December 5, the EU will then implement the embargo measures reached at the end of May, that is, ban the import of Russian crude oil from December 5 and Russian oil products
from February next year.

A price cap on Russian oil was proposed by the US-led Group of Seven to replace the tougher EU embargo on Russia
.
Russia is one of the world's
leading oil producers.
After the Ukraine crisis escalated in February this year, the European Union, together with the United States, imposed tough sanctions on Russia in an attempt to crack down on Russian oil and gas exports
.