The oil crisis is growing! putin has withdrawn

After the European Union (EU) and Poland settled their disagreements, the G7 countries and Australia began imposing a $60 price ceiling on oil exported from Russia from December 5.

“WE WILL THINK ABOUT THE PRODUCTION CUT”

Speaking to reporters in Bishkek, Putin said: “As for our response, I said that we would not sell to countries that have already made such decisions. If necessary, we will even consider a possible production cut,” he said.

Putin claimed that production cuts are still only a possibility as Russia has a production deal with the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ group of countries acting together.

“CONCRETE STEPS WILL BE PUBLISHED IN A FEW DAYS”

“We are thinking about it, there is no solution yet. Concrete steps will be announced in Russia’s presidential decree, which will be published in a few days,” she said.

SAID ‘STUDY’, START FIRE

Putin also described the West’s implementation of price caps as “stupid” and claimed that the energy prices of those who applied price caps would rise “astronomically”. (AA)