The Kremlin said Thursday that Russian President Vladimir Putin intends to sign a decree within days outlining Russia’s response to the West’s imposition of a cap on the export price of Russian oil.
The TASS news agency reported that Russian Energy Minister Nikolai Shulginov said his country had three possible responses to the Western-imposed ceiling on Russian oil prices.
While he did not elaborate on what those options were, he said that Moscow was preparing a presidential decree regarding its response.
a week ago; Kremlin spokesman Dmitry Peskov said that Russia is considering various responses to capping Russian oil prices.
On December 5, 2022, the G7 cap on the price of Russian offshore oil came into effect, with the West trying to limit Moscow’s ability to finance its war in Ukraine, but Russia said it would not abide by it. measure, even if she had to cut production.