Putin Issues A Big Oil Threat To Energy-Crisis Hit West
Might cut oil production says Russian president
Putin bold response to west oil price cap blackmail
Putin issues a strong warning to the west threatening Russia with oil price cap . The world biggest exporter of energy Russia may cut production but won’t sell oil to any country which imposes the west price cap . Refusing to bow down to west blackmail the Russian press made the announcement .
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Vladimir Putin Russian President
“We will even maybe consider a possible . I am not saying now that this is a definitive decision but we will think about a possible reduction in production if necessary.””
The group of seven (G7) and Australia last week agreed a $ 60 per barrel price cap on Russian seaborne crude oil after EU members overcame resistance from Poland .
Putin said that Russia had an agreement with OPEC about production so such a drastic step is still being discussed but Moscow won’t buckle under pressure . Putin also said Moscow would not lose out from the west price cap and that the Russian government finances would hold up fine .
He even called the west move “Stupid” and said this will ‘Skyrocket’ energy prices . According to the Russian president Moscow final decision an oil production cut will be announcement in the next few days .
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