Moscow warns of risks arising from oil-price cap ...News

Russia has a principled pro-market stance, while Western restrictions will cause underinvestment in the sector, a deputy PM said A price cap on Russian oil could cause shortages and disrupt investment in the energy sector, Deputy Prime Minister Aleksandr Novak has warned. Moscow will strictly observe its commitment to market principles in international trade, he added. “Our position is pretty rigid here, and I have voiced it on many occasions. Regardless of what level is picked for the price cap, even if it is high, it will be unacceptable in principle in terms of signing contracts. We will work under market con

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