Kremlin Says It Hasn’t Seen Cases of Oil Price Caps

Kremlin Says It Hasn’t Seen Cases of Oil Price Caps
The crude oil tanker RN Polaris and a bulk carrier sail in Nakhodka Bay near the port city of Nakhodka, Russia, on Dec. 4, 2022. Tatiana Meel/Reuters
Reuters
Updated:

MOSCOW—The Kremlin said on Wednesday it had not yet seen any cases of price caps on Russian oil imposed by the West last month, in comments about possible losses from such measures.

Some analysts have previously said that the caps will have little immediate impact on the oil revenues that Moscow is currently earning.