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    Home > Chemicals Industry > Petrochemical News > Russian Foreign Ministry: "Oil price cap" indicates that the United States and the EU are contrary to the principles of a market economy

    Russian Foreign Ministry: "Oil price cap" indicates that the United States and the EU are contrary to the principles of a market economy

    • Last Update: 2022-10-18
    • Source: Internet
    • Author: User
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    Russian Foreign Ministry spokeswoman Zakharova said on October 6 that the EU's approval of a new round of sanctions against Russia, including a cap on oil prices, once again shows that the United States and the EU are contrary to the principles of market economy and Russia will reorient its oil exports
    .

    Zakharova said at a regular press conference on the same day that Russia has repeatedly pointed out that the G7 proposed to set a so-called "price ceiling" for oil, which once again proves that the United States and the European Union run counter to the principles of market economy
    .
    They artificially intervene and exert political pressure
    on all economic actions.
    Its most important geopolitical task is to weaken Russia and help the companies, giants, monopolies that provide practical support and funding to Western politics to make high profits
    .
    Russia will reorient its oil exports to countries
    that are ready to cooperate normally with Russia.
    The Russian leadership has repeatedly stated this
    .

    Russian President Vladimir Putin said at the conference on economic issues on October 6 that the Russian economy is gradually recovering, but the pressure of Western sanctions against Russia will only intensify, and he asked relevant departments to formulate flexible and effective short-term and medium- and long-term response plans and implement
    them.

    Russian Prime Minister Mishustin said at the plenary session of the second Caspian Economic Forum on October 6 that the scale of Western sanctions against Russia is unprecedented, the Russian government has taken measures to eliminate the impact of sanctions, and the Russian economy is proving its ability
    to adapt to external challenges.

    Russian Deputy Prime Minister Novak, who is in charge of energy work, warned on the 5th that if Western countries impose price limits on Russian oil, Russia will reduce production to the necessary level
    in the case that Russia cannot transfer oil to other markets.
    He said that Russia opposes this non-market means, which is very bad for the energy market and will only lead to deficits and energy prices, and consumers will pay
    for it.
    He stressed that Russia will not supply oil to consumer countries that have imposed oil price limits, but only to consumer countries that ensure market mechanisms
    .

    The European Commission announced on October 6 that in view of the development of the situation in Russia and Ukraine, the EU has approved a new round of sanctions against Russia, including a ceiling on the price of Russian oil exports
    .


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