The lowest price ceiling for the Russian oil proposed by the European Commission (ed. Commission) to punish Moscow for its war in Ukraine will not help stabilize global energy markets, Kremlin spokesman Dmitry Peskov said today.
The Commission proposed yesterday (10.6.2025) to reduce the maximum price of the 7 (G7) group (G7) in Russian crude oil to $ 45 a barrel of $ 60 per barrel in an effort to limit the country’s revenue from energy.
Asked about the EU proposal, Peskov described this kind of actions of the West. “Of course, such actions do not contribute to the stabilization of international energy markets and the oil market,” Peskov said. “But of course Russia is living under various restrictions for many days, which we continue to consider illegal,” he said in a regular briefing by journalists. “Russia has already gained some very useful experience to minimize any negative effects from such decisions.”
Ursula von der Layen, the chairman of the European Commission, said the maximum price for oil will be discussed at a meeting of G7 leaders in Canada next week.
According to the Finnish Research Center for energy and fresh air, China bought 47%of Russian argon exports at the end of April, followed by India (38%), the EU (6%) and Turkey (6%).