“This can only lead to a global decline in investment, a shortage in the future of appropriate energy resources.

This, in turn, will lead to an even greater increase in prices,” Novak said.

The Russian side does not accept those mechanisms that are adopted as price restrictions in an artificial, non-market way, he noted.

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.

An expert at the Financial University under the Government of Russia, a leading analyst at the National Energy Security Fund, Igor Yushkov, in an interview with RT, gave a forecast for oil prices in the near future.