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Putin Warns of 'Grave Consequences' to Oil Price Caps - The Moscow Times

Putin Warns of 'Grave Consequences' to Oil Price Caps - The Moscow Times

Putin Warns of 'Grave Consequences' to Oil Price Caps - The Moscow Times
Nov 24, 2022 26 secs

"Vladimir Putin stressed that such actions are contrary to the principles of market relations and are highly likely to lead to grave consequences for global energy markets," the Kremlin said in a readout of the Russian leader's call with Iraqi Prime Minister Mohammed Shia al-Sudani.

The Kremlin said both sides had also spoken positively of the two countries' work within the framework of OPEC+, which it said helped "stabilize the world oil market.".

Western countries have imposed unprecedented sanctions on Russia since Putin sent troops to Ukraine on Feb.


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