The Russian ambassador to international organizations in Vienna has advanced Moscow’s response to the cap on the price of crude oil decreed by the EU
Russia will stop supplying oil to europe this same year, after the European Union (EU) decided put a cap on the price of a Russian barrel, as stated this Saturday the Russian ambassador to international organizations in Vienna, Mikhail Ulyanov.
“Starting this year #Europe will live without Russian oil. #Moscow has already made it clear that it will NOT supply #oil to countries that support price caps against the market,” Ulyanov wrote on his Twitter and other social media accounts. “Very soon the #EU will blame #Russia for using oil as a weapon”, predicted the representative of the Kremlin in his brief statement.
The countries of the European Union (EU) agreed this Friday to set a cap on the price of Russian oil of 60 dollars per barrel, as part of the sanctions imposed on Moscow for its aggression against Ukraine.
The extent, to which sThe powers of the G7 and Australia have joinedwould not directly affect the community territory because it coincides with the entry into force, on Monday, of an embargo on crude imported from Russia, except for the one bought by Hungary by pipeline.
Nevertheless, prohibits European shipping companies from transporting Russian oil to third countries if it is sold at a higher price than the fixed price, and the same will apply to the insurance companies contracted for freight of Russian crude.
The EU political agreement guarantees that if the market price falls below $60 a barrel, the cap will be updated to be at least 5% below what you have on the market.
Moscow had already warned that it would stop selling its “black gold” to those countries that apply a ceiling to the price of a barrel, considering that this intervention violates the rules of the free market.