Putin speaks of 'serious consequences' if Russian oil price is capped



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Presidente russo advertiu sobre consequências para o mercado global de energia; UE não chegou a acordo sobre teto de preços

20222022Russian president warned of consequences for global energy market; EU failed to reach agreement on price cap| Photo: EFE/EPA/ALEXEI BABUSHKIN/KREMLIN/SPUTNIK

The President of Russia, Vladimir Putin, warned this Thursday (24) about “serious consequences” if Western powers introduce restrictions on the price of Russian oil.

During a telephone conversation with Iraqi Prime Minister Mohamed Shia al- Sudani, Putin emphasized that “such actions contradict the principles governing market relations and are very likely to have serious consequences for the global energy market”.

Putin and Sudani discussed the West’s plans and the work of Russia and Iraq in the framework of the OPEC+ alliance meetings to ensure oil market stability.

Russia has repeatedly warned that it will not supply oil to countries that adopt such limitations and has foreseen major problems for their populations during the winter.

The Governments of the Union European Union failed to agree on Wednesday on a price cap on Russian oil that the G7 powers want to impose on Moscow as a sanction for the war in Ukraine.

The price cap does not directly affect the EU, which already decided to ban purchases of Russian crude oil from December 5th (except those from the pipeline tapped by Hungary), but it would harm the cargo ships that transport it, some of which are low. flags of Greece, Malta and Cyprus.

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