Russian: I will not do a loss of money

According to today's Russian TV (RT) report on July 21, on Thursday, Russia's Deputy Prime Minister Alexander Novak told Russia's first channel that if the upper limit of the Russian oil price setting of the West will continue to produce oil Without a puppet, Russia will stop exporting to global oil.

Report screenshot

RT quoted Tas News Agency and reported that Novak said, "If the price they talked about is lower than the cost of oil production ... Russia will definitely not supply these oil to the world market, which means that we will not sell at all at all. ","

At the end of June, member states of Western Seven Group (G7) agreed to consider setting a scheme for setting up a limit on Russian oil prices to reduce Russia's income from energy exports. This idea was initially proposed by the United States. Reuters reports that this idea is to link financial services, insurance and petroleum transportation to the upper limit of prices. The carrier or importer is allowed to obtain these services by Western countries only when it promises to set the highest price for Russia.

According to previous reports, Japanese Prime Minister Kishida Wenxiong said on July 3 that the upper limit of the price will be set at about half of the current market price of Russia's oil. Medvedev, vice chairman of the Russian Federal Security Commission, said that this means that oil on the market will be significantly reduced and the price will be much higher, "higher prices of $ 300-400".

RT reported that in June this year, the average price of Ural's crude oil was about $ 87.25 per barrel. Western discussions on this matter are still underway, and the price limit has not been finalized.

It is reported that Russia believes that the setting price will further increase global oil prices. Russian President Putin said that like trying to abandon Russia's natural gas, Western countries "are stepping on the same rake", and he said, "the result will be the same -oil prices will soar."

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