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    Home > Chemicals Industry > Petrochemical News > Foreign media: G7 agitates to limit the price of Russian oil India said it will consider

    Foreign media: G7 agitates to limit the price of Russian oil India said it will consider

    • Last Update: 2022-10-18
    • Source: Internet
    • Author: User
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    According to the Russian "Izvestia" website on September 6, citing the US Consumer News and Business Channel, India promised to consider the G7's call
    for a price cap on Russian oil.

    According to the report, this is the statement
    made by Indian Oil and Gas Minister Hadeep Singh Puri when visiting the Milan Natural Gas Technology Exhibition in Italy on the 5th.
    In response to a reporter's question about whether India would be involved in the implementation of the price cap, he said: "There is a lot of discussion
    going on due to a lot of factors.
    What does this advice mean? We will consider
    this very carefully.

    Puri pointed out which countries will participate in the limit price, and what impact this may have on the market, these questions have not yet been clarified
    .

    The Indian minister added that the global economy is still adjusting to the impact of the
    pandemic.

    Russian upper house member Alexei Pushkov said a day earlier that European countries, which are ready to put a cap on Russian oil prices, could lose
    in an economic confrontation with Moscow.
    At the same time, he added, the West is also aware of the risks and is ready to make significant sacrifices to prevent Russia from winning and attempting to push the Russian economy into a "black hole.
    "

    According to reports, on September 2, the G7 finance ministers agreed
    to impose a price cap on Russian oil and petroleum products.
    The price ceiling
    of Russian oil will be determined based on a series of technical parameters.
    Washington said the measures would help reduce Moscow's revenues and lower world energy prices
    .

    The Kremlin said that in this case, Russia will redirect oil supplies to other markets
    .
    Moscow stressed that the adoption of such a decision would lead to significant turmoil
    in the oil market.

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