Russian President Vladimir Putin warned today that there would be "serious consequences" in the event of a cap on the price of Russian oil, as many countries prepare to announce their decision on the issue.
"Such actions go against the principles of trade relations and will probably lead to serious consequences for the international energy market," Putin said in his telephone conversation with the Iraqi prime minister, Mohammad Shia al-Sudani.
According to the Kremlin statement, the two leaders discussed "attempts by a number of Western countries to impose restrictions on the price of Russian crude."
The European Union and the United States have intensified their efforts in recent days to reach an agreement on the maximum price of Russian oil imports.
Russia and Iraq are both oil producing countries and are members of OPEC+ which sets production levels to control global black gold prices.
Source: ertnews.gr
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