This was stated by a senior representative of the US administration.

“During the conversation between the two leaders, the issue of setting a price limit for Russian oil was not raised in any form,” RIA Novosti quotes him as saying.

Earlier, Reuters reported that the G7 countries intend to put into effect a mechanism to limit prices for Russian oil by December 5.

The Russian Foreign Ministry has warned that the anti-market plans of the G7 countries to set a price ceiling for Russian oil could lead to an increase in prices for it.

According to analysts at the American bank JPMorgan Chase & Co., if the G7 countries introduce a price limit for Russian raw materials, oil could rise in price to $380 per barrel.

At the same time, Biden expressed hope that the establishment of a price ceiling for Russian oil would reduce the cost of gasoline in the country.