Russia Vows to Halt All Oil Exports to Countries That Impose ‘Completely Absurd’ Price Cap: Kremlin

An employee is seen at an oil platform operated by Lukoil company at the Kravtsovskoye oilfield in the Baltic Sea, Russia, on Sept. 16, 2021. Vitaly Nevar/Reuters

Russia’s Deputy Prime Minister Alexander Novak said that Moscow will ban exports of oil and other petroleum products to countries that impose a cap on the price of Russian crude.

Novak made the remarks to reporters in Moscow on Sept. 1, according to Russian state media Tass, which came as Western powers were preparing to meet on Sept. 2 to agree on a Russian oil price cap.