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Home Markets Commodities

Russia has three possible options to respond to price cap, energy minister says

Staff by Staff
December 11, 2022
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© Reuters. FILE PHOTO: Russian Energy Minister Nikolay Shulginov attends a meeting with Russian President Vladimir Putin at the Novo-Ogaryovo state residence outside Moscow, Russia July 21, 2022. Sputnik/Pavel Byrkin/Kremlin via REUTERS

(Reuters) – Russian Energy Minister Nikolai Shulginov said on Friday that Russia had three possible options for how to response to the West’s price cap on Russian oil, the TASS news agency reported.

He did not outline what they were, but said Moscow was preparing a presidential decree with its response.

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