Kremlin: ‘We know how to minimise the consequences of reducing the price cap’

Rome, 11 June (LaPresse) – A possible reduction in the price cap on Russian oil to $45 per barrel ‘will not help stabilise global energy markets,’ but Moscow ‘already has experience in minimising the consequences of such decisions.’ This is what Kremlin spokesman Dmitry Peskov said, quoted by Interfax, after the European Commission put forward a proposal to lower the maximum oil price cap from $60 to $45 per barrel as part of a new package of sanctions against Moscow for the war in Ukraine.