«We Will Not Accept This Maximum Cap»: Peskov

Moscow will not accept the maximum cap on Russian oil prices. Analysis of the situation is ongoing, and Russian authorities will report on further decisions based on the results.

This was stated to journalists by Dmitry Peskov, the press secretary of the Russian President, commenting on the EU's decision to set a maximum price cap on Russian oil. The maximum price cap set for a barrel of Russian oil is $60.

“We are currently analyzing. Certain preparatory work has been carried out for such a cap. We will not accept this maximum cap. As for how the work will be organized, we will report after the analysis, which will be conducted quickly,” said the Kremlin spokesperson.