“Russia laughs at G7 and EU oil price caps of $60 a barrel,” he tweeted.

Courten added that Moscow would sell its oil to China and India at the market price, while Western countries "shoot themselves in the foot."

Earlier it became known that the G7 countries, the European Union and Australia agreed on the introduction from December 5 of a price ceiling for Russian oil supplied by sea at $60 per barrel.

Russian Deputy Prime Minister Alexander Novak warned that Russia would not supply oil and oil products to countries that introduced energy price ceilings.