Putting a cap on the rate of oil and gasoline imported from Russia, as some Western countries are considering, would be a “absolutely stupid conclusion,” Putin told the Japanese Financial Forum in Vladivostok.
“We will not produce everything if it is in opposition to our interests, in this situation financial interests. Neither gas, nor oil, nor coal, nor gas oil, we will not produce nearly anything,” Putin reported.
Finance ministers of the G7 nations introduced final Friday that they required to get to a ceiling for the charges of oil and petroleum items imported from Russia. If it were being possible to introduce a ceiling on the selling price of Russian oil, prices on the globe oil marketplace could slide. Moreover, the revenues of the Russian point out spending budget, from which the invasion of Ukraine is financed, would lower.
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