Russia Will Not Supply Oil to Countries Agreeing to Cap Russian Oil Prices

Russia will not supply oil and petroleum products to countries that impose a cap on Russian oil prices. This was announced to reporters by Deputy Prime Minister Alexander Novak, according to Interfax.

According to him, discussions are currently taking place worldwide, initiated by the United States, regarding the implementation of such a price cap to control the rise in oil prices and limit Russia's revenues.

“As for the price cap, if they implement it, we simply will not supply our oil and petroleum products to companies or countries that impose restrictions, as we will not operate under non-market conditions,” he stated.