“We will sell our oil products all over the world, and Europe will have to work hard to find and cover its emerging deficit.

At the same time, it is possible that prices there can significantly soar for oil products, in the European market, ”Novak said in an interview with the Rossiya 24 TV channel.

His words are quoted by RIA Novosti.

Earlier, Russian President Vladimir Putin announced the signing of a decree on retaliatory measures to introduce a cap on oil prices in the near future.

State Duma Speaker Vyacheslav Volodin said that ordinary Europeans would pay for the introduction of a ceiling on gas and oil prices, which he called the "decline of Europe."