Russia has reportedly rejected a $60 per barrel price cap on seaborne crude oil decided by Australia, the EU, and the Group of Seven (G7) nations some days back.
Per TASS Russian News Agency, Dmitry Peskov, Kremlin Spokesman mentioned that they were assessing the scenario. Preparations for such a cap were made. We won’t accept the price cap and we’ll inform you how the work will be organized once the assessment is done.
On Friday, the EU struck a deal on Friday for a $60/barrel price cap on...