Moscow reveals time frame for response to Western oil sanctions ...News

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Russia will decide on countermeasures by the end of this month, according to Deputy PM Aleksandr Novak Russia will unveil retaliatory measures to the price ceiling introduced by the EU and G7 on its oil products by March, Deputy Prime Minister Aleksandr Novak stated on Wednesday. “We are now studying the new decisions made [by the EU and the G7 on the embargo and the price cap on fuel from Russia] in order to understand the feasibility [of a response],” Novak said. “Of course, there will be decisions before March,” added the minister. The EU’s restrictions on Russian refined petroleum products came into force on F

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