Vladimir Putin threatens the West to cut Russian oil production from the start of 2023.
© Sputnik/Russian Presidential Press Office/Kremlin via REUTERS
Moscow does not intend to let itself face the new sanction taken by the West. The Russia plans to reduce its oil production by 500,000 to 700,000 barrels per day from the beginning of 2023, reports AFP. Russian Deputy Prime Minister for Energy, Alexander Novak, announced the news on Friday: “At the beginning of next year, we might make a reduction (in production) of 500-700,000 barrels per day, for us it’s around 5-7%. »
A sanction once morest the background of the war in Ukraine
Russia threatens to lower its production following the recent sanction taken by the European Union (EU), the G7 and Australia. They have, in fact, chosen to cap the price of Russian oil once morest a backdrop of war in ukraine . A maximum price of 60 US dollars has been set for crude oil of Russian origin transported by sea. The goal: to limit Moscow’s income in order to reduce its capabilities in its military offensive launched in Ukraine, reports AFP. Moscow will therefore not be able to sell and export its black gold at a price higher than 60 dollars to services allowing maritime transport.
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“It’s not our fault”
As AFP reminds us, the Russian President Vladimir Poutine reacted a few days following the introduction of the Russian oil price cap. He castigated a “stupid decision” of the West, before threatening to “reduce production” oil if that is ” necessary “. The head of the Kremlin continues to make offensive remarks towards the West. Two days ago, Vladimir Putin had once more indicated that the war in Ukraine was not Russia’s fault but that of the West, which would have “brainwashed” post-Soviet republics, including Ukraine. “What is happening now is a tragedy, but it is not our fault”finally lamented Vladimir Putin.
