According to RIA Novosti, he noted that Russia will redirect supplies or reduce production.
“We do not plan to supply oil and oil products to countries that will apply the price ceiling principle, with subsequent reorientation of supplies to market-oriented partners or with a reduction in production,” the Deputy Prime Minister said.
Novak also added that the politicization of the energy sector can only lead to a shortage of resources in the market, and the price ceiling is just such an act.
Earlier, Novak has already stated that it is not advisable for Russia to supply oil to countries that have set a price ceiling for it.