Putin’s challenge to G-7 countries, said – will not sell oil at a low price under any circumstances

Moscow. On the one hand, the Group of Seven (G7) has promised to put a cap on the price of Russian oil sold around the world. At the same time, Russian President Vladimir Putin issued a statement clearly saying that Russia will not sell oil at a low price under any circumstances. Putin said that the G7 should make some rules but Russia will not sell its oil at a low price. Let us tell you that more than 40 percent of Russia’s budget comes from oil.

Speaking at the Russian Energy Week 2022 event, Putin said that I have to say that Russia will not work against our own interests. We will not try to dilute our position by offering oil or gas at a price. We will not bow down to them. We will not follow the rules set by others. We will not work for our loss. According to the report of Euronews, the ongoing war between Russia-Ukraine has entered the eighth month. Which is not getting any solution. Due to this, Western countries suspect that Russia is increasing its profits due to continuous sales of oil and with it is also intensifying the war.

The Euronews report quoted Russia’s central bank as saying that crude oil exports stood at 113 billion euros in 2021. Let us tell you that if the G-7 imposes a cap on the price of oil, that is, Russia will not be able to sell it in other countries of the world at a higher price. However, the G-7 has not yet fixed the price of Russian oils. On Wednesday, Putin said his country was ready to resume gas supplies to Europe from the Nord Stream 2 pipeline through the Baltic Sea to Germany.

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Tags:, Vladimir Putin