Russia has rejected a price cap on its oil, indicating it may stop supplying to countries that agree to the limit.
Russia has said in the past that it will not supply oil to countries that implement the cap, per"Starting from this year Europe will live without Russian oil," Mikhail Ulyanov, Moscow's ambassador to international organizations in Vienna, said on"Moscow has already made it clear that it will NOT supply oil to those countries who support anti-market price cap," he continued. "Very soon the EU will blame Russia for using oil as a weapon.
She said the price cap will "help further constrain Putin’s finances and limit the revenues he’s using to fund his brutal invasion." "With Russia’s economy already contracting and its budget increasingly stretched thin, the price cap will immediately cut into Putin’s most important source of revenue."
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