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Kremlin says it is finalising last details of response to oil price cap


Crude oil tankers, including Troitsky Bridge vessel, lie at anchor in Nakhodka Bay near the port city of Nakhodka, Russia, December 4, 2022. REUTERS/Tatiana Meel/File Photo

The Kremlin said on Friday it was finalising the last details of how it would respond to the West’s imposition of a price cap on Russia’s oil exports.

Moscow has repeatedly said it will not sell oil to countries that comply with the cap and has promised to publish a presidential decree outlining Russia’s full response this week.