Western countries implement Russian oil price cap as pressure over Ukraine mounts for President Putin
  • el año pasado
A Kremlin spokesperson says Europeans should brace for high prices as the price cap, implemented by the European Union and other Western countries, will "completely destabilise" global energy markets. Western countries have begun imposing a $60-per-barrel price cap and ban on some types of Russian oil as part of new measures to put further pressure on Moscow in light of its ongoing invasion of Ukraine. Agreed upon on Friday, the European Union along with Britain, Australia, Canada, Japan and the United States have imposed the price cap, with the 27-country European bloc also imposing an embargo on Russian oil shipped by sea. The move prompted a rejection from the Kremlin and criticism from President Volodymyr Zelenskyy of Ukraine, whose government wants the cap to be half as high. On Monday, the Kremlin said that a Western price cap on Russian oil would destabilise global energy markets but would not affect Moscow's ability to sustain its military operation in Ukraine. Dmitry Peskov, t
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