“If a certain volume of oil leaves the market, they try to replace it with other sources ... With a sharp reduction and a large volume of oil leaving the market, prices tend to rise,” TASS quotes him.
According to Akchulakov, Russia is one of the largest producers and suppliers of oil to international markets.
On December 27, Russian President Vladimir Putin signed a decree on retaliatory measures against the introduction by the United States and other countries of the ceiling on prices for Russian oil.
The head of state has banned the supply of oil and oil products from Russia to those who prescribe the maximum price for Russian energy resources in contracts.
At the same time, with his special decision, he will be able to allow deliveries to such countries.