Russia rejects 60 dollar oil price limit

Russia rejects 60 dollar oil price limit

Russia has rejected the $60 ceiling price for power set by the European Union. The price setting is part of Western efforts to reshape the global oil market to prevent price hikes, writes Skynews. However, Kremlin spokesman Dmitry Peskov said Moscow would not accept this border, according to the agency [...]

The price setting is part of Western efforts to reshape the global oil market to prevent price hikes, writes Skynews.

However, Kremlin spokesman Dmitry Peskov said Moscow would not accept this limit, according to the RIA news agency.

He said Russia would conduct a quick review of the agreement and then respond.

Moscow's permanent representative to international organisations in Vienna, Mikhail Ulyanov, warned that European cover supporters would regret their decision.

From this year, Europe will live without Russian oil. Moscow has already made it clear that it will not supply oil to those countries that support the price limits against the market. Wait, very soon the EU will accuse Russia of using oil as weapons”, Ulyanov wrote on Twitter.

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