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HomeLatest NewsPeskov announced Russia's response to gas price ceiling KXan 36 Daily News

Peskov announced Russia’s response to gas price ceiling KXan 36 Daily News

Date: December 10, 2023 Time: 05:58:45

The Kremlin spokesman called the West’s attempt to cap Russian gas prices an encroachment on market mechanisms. According to him, this would be a violation of the pricing process.

“Any reference to the ceiling is unacceptable,” he stressed on Monday in an interview with journalists.

It will take time, he said, to carefully weigh the pros and cons of developing a Russian response. Peskov recalled that “the topic of the oil ceiling dragged on for a bit.” However, the answer will be published, as will be the case with gas, the spokesperson said.

Previously, the EU countries agreed on the so-called gas price ceiling of 180 euros per MWh (approximately 1.85 thousand euros per thousand cubic meters). The market correction mechanism will apply from February 15, 2023, but can be deactivated at any time in case of shortages. Hungary opposed the introduction of a ceiling on gas prices in the EU, Austria and the Netherlands abstained.

Recall that the G7 countries introduced a ceiling price for Russian oil from December 5, parallel to this measure came into force an embargo on the supply of Russian oil by sea to the European Union.

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Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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