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According to a report by Kyodo News on July 6, in response to Japanese Prime Minister Fumio Kishida's claim to cap the trading price of Russian oil and reduce it to about half of the current oil price, Russian Security Council Vice Chairman Medvedev warned on the 5th that if so, Japanese companies will not be able to participate in the oil and gas development project "Sakhalin 2"
in Sakhalin in the Far East.
Medvedev said that if the G7 summit statement said it would discuss setting a price cap was achieved, "there will be less oil on the market and prices will rise astronomically.
"
He warned: "Japan will not be able to obtain oil
from Russia.
The same is true
for participating in 'Sakhalin 2'.
”
Kishida reportedly gave a street speech in Tokyo on July 3, talking about the G7 consensus: "A mechanism will be established to limit the upper price to about half of the current price, and above this price it will not be purchased or allowed
.
" ”