China News Agency, Moscow, October 6 (Reporter Tian Bing) Russian Foreign Ministry Spokesperson Zakharova said on the 6th that the EU's approval of a new round of sanctions against Russia, including the oil price cap, once again shows that the United States and the EU are closely related to the market economy. Going against the principle, Russia will reorient its oil exports.
Zakharova said at a regular press conference that day that Russia has repeatedly pointed out that the G7 proposed to set a so-called "price ceiling" for oil, which once again proved that the United States and the European Union run counter to the principles of market economy.
They intervene and exert political pressure on all economic behavior.
Its most important geopolitical task is to weaken Russia and help those companies, giants, and monopolies that provide real support and money to Western political circles to make high profits.
Russia will reorient its oil exports to countries that are ready to conduct normal cooperation with Russia.
Russian leaders have stated this many times.
Russian President Vladimir Putin said at a meeting on economic issues on the 6th that the Russian economy is gradually recovering, but the pressure of Western sanctions on Russia will only intensify. He asked relevant departments to formulate flexible and effective short-term, medium- and long-term response plans and implement them.
Russian Prime Minister Mishustin said at the plenary meeting of the 2nd Caspian Economic Forum on the 6th that the sanctions imposed by the West on Russia are unprecedented, the Russian government has taken measures to eliminate the impact of sanctions, and the Russian economy is proving its ability to adapt to external challenges.
Russian Deputy Prime Minister Novak, who is in charge of energy work, warned on the 5th that if Western countries impose price caps on Russian oil, Russia will reduce production to the necessary level if Russia cannot transfer oil to other markets.
He said that Russia opposes this non-market approach, which is very unfavorable to the energy market and will only lead to deficits and rising energy prices, and consumers will pay for it.
He emphasized that Russia will not supply oil to consumer countries that implement oil price caps, but only to consumer countries that ensure market mechanisms.
The European Commission announced on the 6th that in view of the development of the situation in Russia and Ukraine, the EU has approved a new round of sanctions against Russia, including setting a ceiling on the price of Russian oil exports.
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