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Espreso Global Sanctions against Russia Putin suggests reduction of oil production due to price ceiling

Putin suggests reduction of oil production due to price ceiling

10 December, 2022 Saturday

01:10

Sanctions against Russia

Russia may consider reducing oil production because of the price cap. Also, the aggressor state will not sell oil to those countries that have decided to introduce a price ceiling

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Russian President Vladimir Putin said about it.

He stated that Russia will not sell oil to those countries that have decided to introduce a price ceiling.

“As for our reaction, we will not sell (oil - ed.) to countries that make such decisions (introducing a ceiling on oil prices, - ed.). We will consider, if necessary, a possible reduction in production (of oil - ed.),” the leader said.

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