Espreso. Global

Russian oil price cap will slash Moscow's earnings by 15% - Zelenskyy's advisor Ustenko

29 September, 2022 Thursday
17:21

The Russian oil price cap could slash revenue by at least 15%, and see Russia cease to be perceived as a reliable supplier of energy resources

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Oleg Ustenko, President Volodymyr Zelenskyi's adviser on economic issues, stated this on Espreso.

"The whole world understands that the Russian Federation will never again be a reliable supplier of energy resources to the world market in the future for several decades. They tried to use energy resources as a cannon, but now this cannon is turned on them and there is already a kernel called the price limit on oil. As soon as a full decision is made, this core will fly at them and immediately minus 15% at least to their revenue part of the state budget," he said.


 
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