Volodin confirms that "roof" Russian oil prices will turn into "floor"

State Duma Speaker Vyacheslav Volodin expressed confidence that the price “ceiling” that the G7 countries want to impose on Russian energy resources will be the minimum of these prices on earth.

Volodin believes that the real price of energy resources will be determined by the market and contractual obligations.

“What the G7 representatives call the price ceiling will serve as its floor,” Volodin said. “The world market is not limited to just seven countries. More than 80% of the world’s population does not support sanctions against Russia.”

The speaker of the State Duma stressed that the era of Western invasion of others is over.

It is noteworthy that the leaders of the G7 countries (Great Britain, Germany, Italy, Canada, the USA, France and Japan) at the summit on June 26-28 confirmed their determination to reduce energy dependence on Russia and agreed in principle to set a price ceiling for Russian energy resources.

For his part, Russian Deputy Prime Minister Alexander Novak said that the idea of ​​lowering oil prices is completely absurd, and Russia will not supply oil and oil products to countries that support it.

He added that imposing restrictions on the price of Russian oil would destroy the market, and that other producers did not take such an initiative positively.

Source: RIA Novosti

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