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Russia: 'Little explanation of the numbers' - Peskov hits out at West’s 'unclear discussions’ on oil price ceiling
03:06

Russia: 'Little explanation of the numbers' - Peskov hits out at West’s 'unclear discussions’ on oil price ceiling

Russian Federation, Moscow
November 24, 2022 at 18:12 GMT +00:00 · Published

Kremlin spokesperson Dmitri Peskov claimed Moscow had seen 'little explanation' of the numbers used in Western countries' discussions of a price ceiling for Russian oil, during a briefing on Thursday.

"The fact is that there are really such very unclear discussions going on, in the nuances of the Europeans on this ceiling. The numbers, with little explanation, are referred to. It feels like they are just trying to make a decision for its own sake, not because of the effect, but just to tick (a box) that the ceiling has been entered," he said.

Peskov stressed that Russia will not supply oil and gas to those states that join the price ceiling, but the situation needs to be analysed first.

According to media reports quoting European Commissioner for Energy Kadri Simson, EU countries did not reach a unanimous decision on the introduction of such a price cap on Thursday.

In October, the European Commission approved an eighth package of sanctions against Russia following the Ukraine conflict. A price ceiling on crude oil was set to take effect from December 5, and one for oil products to be introduced on February 5, 2023.

President Vladimir Putin responded that Russia would not deal with those taking part in the action.

"We will not supply energy resources to countries that limit their prices. I would like to say to those who, instead of by business partnerships and market mechanisms, prefer cheating tricks and unceremonious blackmail," he claimed.

Moscow launched a military offensive in Ukraine in late February after recognising the independence of the Donetsk and Lugansk People’s Republics (DPR and LPR), claiming that Kiev had failed to guarantee their special status under the 2014 Minsk Agreements.

Russian troops were sent in, allegedly to defend citizens from attacks by Kiev, as well as to ‘demilitarise’ and 'denazify’ the region. Moscow also urged Ukraine to declare itself officially neutral and guarantee that it would never join NATO.

Kiev denounced the action as an invasion, denying allegations of tolerating Nazi organisations. President Volodymyr Zelensky imposed martial law, announcing a general mobilisation, while the EU and US imposed several rounds of sanctions on Moscow.

Russia: 'Little explanation of the numbers' - Peskov hits out at West’s 'unclear discussions’ on oil price ceiling
03:06
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Kremlin spokesperson Dmitri Peskov claimed Moscow had seen 'little explanation' of the numbers used in Western countries' discussions of a price ceiling for Russian oil, during a briefing on Thursday.

"The fact is that there are really such very unclear discussions going on, in the nuances of the Europeans on this ceiling. The numbers, with little explanation, are referred to. It feels like they are just trying to make a decision for its own sake, not because of the effect, but just to tick (a box) that the ceiling has been entered," he said.

Peskov stressed that Russia will not supply oil and gas to those states that join the price ceiling, but the situation needs to be analysed first.

According to media reports quoting European Commissioner for Energy Kadri Simson, EU countries did not reach a unanimous decision on the introduction of such a price cap on Thursday.

In October, the European Commission approved an eighth package of sanctions against Russia following the Ukraine conflict. A price ceiling on crude oil was set to take effect from December 5, and one for oil products to be introduced on February 5, 2023.

President Vladimir Putin responded that Russia would not deal with those taking part in the action.

"We will not supply energy resources to countries that limit their prices. I would like to say to those who, instead of by business partnerships and market mechanisms, prefer cheating tricks and unceremonious blackmail," he claimed.

Moscow launched a military offensive in Ukraine in late February after recognising the independence of the Donetsk and Lugansk People’s Republics (DPR and LPR), claiming that Kiev had failed to guarantee their special status under the 2014 Minsk Agreements.

Russian troops were sent in, allegedly to defend citizens from attacks by Kiev, as well as to ‘demilitarise’ and 'denazify’ the region. Moscow also urged Ukraine to declare itself officially neutral and guarantee that it would never join NATO.

Kiev denounced the action as an invasion, denying allegations of tolerating Nazi organisations. President Volodymyr Zelensky imposed martial law, announcing a general mobilisation, while the EU and US imposed several rounds of sanctions on Moscow.