Others May Reject Japan Proposal on Oil Price Cap, Kremlin Says

Others May Reject Japan Proposal on Oil Price Cap, Kremlin Says
Kremlin spokesman Dmitry Peskov attends an annual end-of-year news conference of Russian President Vladimir Putin, in Moscow on Dec. 23, 2021. Evgenia Novozhenina/Reuters
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MOSCOW—Russia needs to wait and see how proposals on capping the price of Russian oil exports are finalized, Kremlin spokesman Dmitry Peskov told reporters on Monday.

Commenting on reports that Japan’s Prime Minister Fumio Kishida had proposed a cap at around half the current price, Peskov said that other countries may disagree with that.