Russia’s Response To The Oil Price Cap Is Nearly Ready ...Middle East

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Russia’s Response To The Oil Price Cap Is Nearly Ready
source : OILPRICE ( Middle East ) () 21
Russia is still considering its response to the $60 price cap on its crude oil, but it is close to completing the work on the countermeasures, Kremlin spokesman Dmitry Peskov said on Monday. The EU banned from December 5 maritime transportation services from shipping Russia’s crude oil to third countries if the oil is bought above the price cap of $60 per barrel, and imposed an embargo on seaborne imports of Russian oil into the EU.   “There is some groundwork that has been put down on paper, but there are also additional proposals…

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