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Russian Foreign Ministry: The G7 plan to set a cap on the price of Russian oil may cause it to increase

 Last Update: 2023-02-10
 Source: Internet
 Author: User

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According to a report by Russian Satellite Network on July 14, Russian Foreign Ministry spokeswoman Zakharova said that the G7 plan to set a price cap on Russian oil may lead to an increase in oil prices
.

"If the G7 tries to implement what it can call a risky plan that puts some kind of cap on oil prices, then oil prices could rise as a result, as economists say, because these plans are anti-market, risky and wishful thinking
," Zakharova said.
”

At the G7 summit, G7 leaders agreed to reduce their dependence on Russian energy and tentatively agreed to limit Russian oil and gas prices, such as providing insurance and transportation services for Russian crude oil and petrochemicals that exceed the limit
.

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