Putin threatens to limit oil prices. He says confidently: No need to worry about the budget

“As for our reaction, I have already said that we simply will not sell oil to those countries that make such decisions,” the Russian leader said on Friday, quoted by . – We will think, maybe even about a possible reduction of production, if necessary – he added.

Price cap on Russian oil. Vladimir Putin announces a reaction

he explained that Russia has a mining agreement with other OPEC+ countries, which is why the Kremlin has not yet taken any steps. – We are thinking about it, there are no solutions yet. The specific steps will be outlined in a decree to be issued in the next few days, he announced.

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Putin also said that the limit introduced corresponds to the price at which Russia sells. He emphasized that “there is no need to worry about the budget”. As indicated by the Reuters Agency, the price of Russian Urals oil on Friday was $53 a barrel.

The European Union has introduced a price cap on oil from Russia

. This solution was introduced by the European Union, which agreed the details with the G7 group. On the same day, the EU introduced an embargo on oil from Russia imported by sea.

More countries are joining sanctions against Russia. . “This will allow Russia to limit the revenues from the sale of oil to third countries,” the government said in a statement.

“Norway stands together with the European Union and other allies on sanctions against Russia to keep the pressure on the government and its supporters,” Foreign Minister Anniken Huitfeldt said in a statement. On 5 December, the Norwegian government implemented a ban on the import, purchase and shipment of Russian oil to Norway, the EU and third countries.

Sanctions on Russia. The European Union decides on the ninth package

The European Union also wants to introduce the ninth package of sanctions against . A decision on the matter is expected to be made on Friday. The package consists of two parts. One is the so-called a blacklist of people who will be banned from entering the EU and their assets will be blocked, as well as companies and institutions whose assets will be frozen. The second is further economic restrictions.

About two hundred people, companies and institutions were entered on the blacklist. – Among other things, involved in the hideous practice of kidnapping and transporting Ukrainian children – said the Polish ambassador to the Union Andrzej Sadoś on Thursday, thus confirming the unofficial reports of the Brussels correspondent of Polish Radio Beata Płomecka, who was the first to inform about it. There are also people involved in the theft of Ukrainian grain, Russian media – the Kremlin’s propaganda mouthpieces, as well as ministers, military, judges, governors and political parties. Other defense companies have also been added to the list.

As for economic sanctions, “we propose to ban the direct export of drones to Russia, as well as to any third country such as Iran that may supply drones to Russia,” European Commission President Ursula von der Leyen said. A ban on investment in the Russian mining industry is also to be introduced.

Export restrictions are to cover further dual-use products – civilian and military, which could be used by the Russian army. These include chemicals, electronic and computer components. The sanctions will also hit four more Russian banks.