HomeWorldKremlin warns oil sanctions will backfire, disrupt energy markets

Kremlin warns oil sanctions will backfire, disrupt energy markets

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Published December 20,2024


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Kremlin spokesman Dmitry Peskov warned on Friday that sanctions concentrating on Russia‘s oil trade would inevitably backfire on their initiators, inflicting instability in world power markets.

Responding to media reviews about potential measures from the Group of Seven nations, Peskov mentioned Russia is conscious of those discussions.

“Such decisions will create risks for international energy stability and will ultimately harm the countries imposing them,” he careworn.

Peskov mentioned the sanctions would set off countermeasures from Moscow. “We will take all necessary steps to mitigate the consequences and protect our economic interests,” he mentioned.

Reports recommend that proposed measures embody lowering the oil worth cap from $60 to $40 per barrel, in addition to imposing an entire ban on the transportation and insurance coverage of Russian oil.

Addressing President Vladimir Putin‘s remarks in regards to the state-of-the-art Oreshnik missile, Peskov defined that Putin’s reference to a “duel” with Western air defenses was a response to a selected query in regards to the missile’s weaknesses.

“The president detailed how the missile works, emphasizing its resistance to existing air defense systems,” the spokesperson mentioned.

Putin on Friday invited Western specialists to check the missile by selecting a goal in Kyiv, concentrating air defenses, and trying to intercept the strike.

Peskov additionally reiterated that Russia would reply decisively to any assaults on its territory by means of Western-supplied long-range weapons.

Source: www.anews.com.tr

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