Russia Says ‘Dangerous’ Price Cap Won’t Curb Demand for Its Oil

Russia said on Saturday it would continue to find buyers for its oil, despite what it said was a “dangerous” attempt by Western governments to introduce a price cap on its oil exports.
A coalition of Western countries led by the G7 group of nations agreed on Friday to cap the price of Russian seaborne oil at $60 a barrel, as they aim to limit Moscow’s revenues and curb its ability to finance its invasion of Ukraine.
Russia has repeatedly said it will not supply oil to countries that implement the cap—a stance reaffirmed by Mikhail Ulyanov, its ambassador to international organizations in Vienna, in posts on social media….

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