Russia won’t supply oil to ‘price cap’ participants — head of Central Bank ...News

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Russia won’t supply oil to ‘price cap’ participants — head of Central Bank
Moscow will redirect deliveries to other countries instead, Elvira Nabiullina said Russia will stop supplying countries that cap the price of its oil, the nation's Central Bank head Elvira Nabiullina announced on Friday. Moscow has argued that a price ceiling would make oil more expensive and hurt Russian producers. Nabiullina said that instead of complying with a price limit, Russia would redirect its supply to countries not imposing such a limit. Her comments came a day after Russian Deputy Prime Minister Alexander Novak issued a similar warning, telling Russia’s Channel One that a price cap would drive revenue

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