China News Agency, Moscow, December 3 (Reporter Tian Bing) After the European Union, the Group of Seven (G7) and Australia successively announced that they would set a price ceiling of US$60 per barrel for Russia's seaborne oil exports, the Russian side stated that Russia Oil price caps disrupt market rules and will lead to soaring global energy prices. Russia will not export oil to countries that set price caps.
Ivan Abramoff, first deputy chairman of the Economic Policy Committee of the Russian Federation Council (the upper house of parliament), said on the 3rd that imposing a price cap on Russian oil will lead to a surge in demand, a breakdown in supply chains, and a surge in global energy prices.
After making such a decision, he said, there would be very serious consequences for ordinary Europeans and the European economy, who were facing a real "winter" in which the European economy would lose all its competitive advantages.
Slutsky, chairman of the International Affairs Committee of the Russian State Duma (the lower house of the parliament), said on the 2nd that the EU's decision to impose a price cap on Russian oil is for the benefit of the United States and puts its own energy security at risk. destruction.
He stressed that any price cap on Russian oil is unacceptable, and Russia will not export oil to countries that set price caps.
According to TASS news agency, Russian Deputy Prime Minister Novak, who is in charge of energy work, said on the 2nd when answering questions about how the implementation of the oil price cap in the West will affect Russian oil supply and production, given that relevant contracts have been signed from the end of October to the beginning of November, it is expected that Russian oil will There will be no reduction in exports in December.
Oil contracts for January next year are being signed.
He stressed that despite many uncertainties, Russian oil is still in great demand on the world market.
Novak had previously warned that if Western countries imposed price limits on Russian oil, Russia would cut production to the necessary level if Russia could not transfer the oil to other markets.
The Russian side opposes this non-market approach, which is very detrimental to the energy market and will only lead to deficits and higher energy prices, which consumers will pay for.
He stressed that Russia will only supply oil to consumer countries that support the market mechanism.
Russian Foreign Minister Lavrov reiterated at a press conference on European security issues on the 1st that Russia will not provide oil to countries that support and follow the price cap imposed on Russian oil.
Russia has "no interest" in setting oil price ceilings in the West, and Russia will negotiate directly with its partners on the basis of a balance of interests.
Russian President’s Press Secretary Peskov said on November 27 that after the West set a price ceiling on Russian energy, Russia will formulate relevant countermeasures guided by safeguarding its own interests, and will not make “self-harm”.
He stressed that Russian President Vladimir Putin's position on oil exports from countries that will not impose price ceilings on Russian oil has not changed.
Russian President Vladimir Putin said in a speech at the "Russian Energy Week" international forum in October that although he was sanctioned by the West, Russia would not compromise and would continue to ensure energy security and stability.
He pointed out that the current Russian oil production has overcome the decline and is even slightly higher than last year.
Russia plans to maintain the current level of oil export volume and production by 2025, and domestic equipment in this industry will account for 80%.
He emphasized that Russia will not go against common sense and pay for the welfare of others at its own loss, and will not export energy to them in accordance with the price ceiling set by certain countries.
According to reports, EU member states reached an agreement on the 2nd to set a price ceiling of US$60 per barrel for seaborne oil exports to Russia. The agreement needs to be formally approved by written procedures, and relevant details will be announced on the 4th.
The Group of Seven (G7) and Australia said on the same day that they agreed to limit the price of Russian seaborne crude oil to US$60 per barrel, and the price limit policy will take effect on December 5 or shortly thereafter.
According to this price ceiling, if the price of oil exceeds the threshold of US$60 per barrel, the provision of insurance, financial and other services for Russian oil transportation will be prohibited.
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