“We reiterate our intention to phase out crude oil and oil products of Russian origin in our domestic markets.

This obligation remains unchanged after the introduction of the price ceiling," TASS said in a statement.

Earlier it was reported that Australia and the G7 countries reached an agreement on the ceiling price of Russian oil at $60 per barrel.

The US Treasury noted that Russia will be able to sell oil within the established limit through G7 service providers or conductors outside the coalition, reducing sales.

Russian Deputy Prime Minister Alexander Novak said that Russia has a tough position on the oil price limit - it is unacceptable, regardless of the level.

Also, the Kremlin has repeatedly confirmed that Moscow will not trade oil, oil products and gas with countries that will introduce a price ceiling.