Russia preparing response to oil price cap – Kremlin ...News

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Moscow calls the measure an attempt to destabilize global energy markets The Russian government is preparing an official response after the US, EU, and several other countries introduced a $60 price cap on the country’s oil exports. Moscow will not recognize any such price limit, Kremlin spokesperson Dmitry Peskov has said. “The decision [on retaliatory measures] is still being prepared, but, of course, one thing is obvious here. We will not recognize any price caps,” Peskov told reporters during a press call on Monday. He also acknowledged that global energy prices will see a dramatic change in light of the lates

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