MOSCOW, March 31 (Xinhua) -- Russia will not supply oil to countries that support anti-market measures to impose a price cap on oil, Deputy Foreign Minister Andrey Rudenko said on Monday.
Noting the high volatility in energy markets amid shortages and rising prices, Rudenko told the Russian daily Izvestia that "the Japanese government is bound by commitments to a price cap on Russian-origin oil," which he described as an anti-market measure disrupting supply chains.
"As has been stated repeatedly, Russia will not supply oil to countries that support this provocative venture," he said.
The Russian diplomat noted that, when evaluating formal applications from foreign nations seeking oil deliveries, the determining factors will be the Russian Federation's national economic priorities and the current state of bilateral relations with each prospective partner.
The price cap on seaborne Russian oil was imposed in late 2022 by the European Union, the Group of Seven nations and Australia.
Under the mechanism, companies from participating countries may transport or insure Russian oil only if the price remains below 60 U.S. dollars per barrel. ■
