“We will sell oil and oil products to those countries that will work with us on market terms,” TASS quoted Novak as saying on the air of the Rossiya 24 TV channel.

He noted that Russia will adhere to this principle even if it has to cut production.

Earlier, the European Union published in the official journal the decision to impose a ceiling on oil prices from Russia.

On December 3, the European Commission announced that the G7 countries, the European Union and Australia agreed on the introduction of a $60 per barrel price ceiling for Russian oil supplied by sea from December 5.