A coalition of Western nations led by the G7 group of countries agreed on Friday to cap the price of Russian marine oil at $60 a barrel, as they aim to limit Moscow’s revenues and finance its invasion of Ukraine. ability to stop.
Russia has repeatedly said it will not supply oil to countries that enforce the cap – a move reaffirmed by Mikhail Ulyanov, ambassador to international organizations in Vienna, in posts on social media.
“From this year onwards Europe will survive without Russian oil,” he said.
In comments published on Telegram, Russia’s embassy in the United States criticized the “reshaping” of free market principles and reiterated that its oil will remain in demand despite the measures.
“Such moves would inevitably result in increasing uncertainty and imposing higher costs to consumers of raw materials,” it said.
“Despite the current flirtation with dangerous and illegitimate means, we are confident that demand for Russian oil will remain strong.”