Moscow responds to Japan’s threat to cap Russian oil prices ...News

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Moscow responds to Japan’s threat to cap Russian oil prices
Former Russian president Dmitry Medvedev has warned Tokyo’s proposal could push oil prices above $400 a barrel Tokyo’s proposal to place a cap on Russian oil prices would lead to significantly less oil on the market and could drastically push oil prices higher, former Russian president Dmitry Medvedev warned on Tuesday. Responding to the idea put forward by Japanese Prime Minister Fumio Kishida on Sunday, Medvedev wrote on his Telegram channel that Japan “would have neither oil nor gas from Russia, as well as no participation in the Sakhalin-2 LNG project” if Tokyo decided to go through with the proposal. “Japane

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