“We will not accept this ceiling,” Peskov said.

According to the Kremlin spokesman, the Kremlin will report on how this work will be organized after an analysis of the situation.

He also said that some preparation had been made for the adoption of restrictions by Western countries.

Peskov noted that Moscow is preparing a response to the West's imposition of a ceiling on prices for Russian oil.

Prior to this, it was reported that Australia and the G7 countries reached an agreement on the marginal cost of Russian oil at $60 per barrel.