'Russia will not export oil subject to Western price cap'

Russia will not export oil that is subject a Western-imposed price cap even if Moscow has to accept a drop in oil production, President Vladimir Putin's point man on energy said on Sunday. "We are working on mechanisms to prohibit the use of a price cap instrument, regardless of what level is set, because such interference could further destabilise the market," Russian Deputy Prime Minister Alexander Novak said. https://ift.tt/QGqsxmP