On December 9, local time, Russian President Vladimir Putin said in an interview with the media that the price limit imposed by the West on Russian oil will not cause losses to Russia, but will have an impact on the world energy market.
Russia is considering cutting oil production in response to the West's move.
Putin said on the same day that the West's move to limit the price of Russian oil will not have any impact on Russia, and this wrong behavior of "consumers deciding commodity prices" will lead the industry into a "zero investment" dilemma, which will eventually lead to oil A catastrophic spike in prices, thereby crashing world energy markets.
Putin also said Russia was considering cutting oil production as part of a response to the West's move.
Russia will issue a presidential decree in a few days to announce its specific countermeasures.
On the 2nd of this month, EU member states agreed to set a price cap of US$60 per barrel on Russian seaborne oil exports.
Starting from the 5th, the European Union and the Group of Seven countries have officially imposed price limits on crude oil exported by sea to Russia.
(making Yueziyan)
Responsible editor: [Song Fangcan]