Russia will not recognize the price ceiling for Russian oil, prepares retaliatory measures - Peskov From IFX

Russia does not intend to recognize the ceiling imposed by the West on oil prices from the Russian Federation, said the press secretary of the President of Russia Dmitry Peskov.

“A decision (on retaliatory measures from the Russian Federation) is being prepared. Of course, one thing is obvious. We will not recognize any ceilings,” Peskov told reporters on Monday.

He was also asked if the world should prepare for an increase in oil prices.

“The (price situation) will change. It is obvious and indisputable that these decisions are a step towards destabilizing global energy markets,” – said the representative of the Kremlin.

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