Skip to main content

Russian Deputy PM Warns Russia Will Stop Exporting Oil If Price Caps Are Imposed

Russian President Putin Meeting Deputy Prime Minister Alexander Novak . Kremlin.ru

RT: Russia warns it could stop oil exports 

Foreign crude sales could be suspended if US-driven scheme succeeds, top official says 

 Russia will stop global oil exports if the West’s proposed price cap makes it unprofitable to continue production, Deputy Prime Minister Alexander Novak told Russia’s Channel One on Thursday. 

“If these prices which they are talking about are lower than the costs for oil production… naturally, Russia will not ensure the supply of this oil to the world markets, which means that we simply will not work at a negative profit,” he explained, as cited by TASS.

Read more ....  

WNU Editor: Russian Deputy Prime Minister Alexander Novak's background is in the energy industry. In Russia his word is gospel when it comes to energy issues. 

As to what will be the consequences if Russia halts its oil exports? This energy consulting group is making this dire prediction .... Price cap on Russian oil is a ‘ridiculous idea’ and could push oil to $140, says energy research group (CNBC). 

Russia Warns It Will Stop Exporting Oil If Price Caps Are Imposed 

Russia will not supply oil if price cap is below production costs — Deputy PM -- TASS  

Novak: Russia Will Not Export Oil If Price Cap Is Below Production Cost -- OilPrice.com  

Russia won't supply oil if price is capped below production cost - Interfax -- Reuters



from War News Updates https://ift.tt/8Fq4kiT
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Bath Iron Works starts building new Arleigh Burke-class Flight III destroyer USS J. William Middendorf

General Dynamics Bath Iron Works has started construction of the future USS J. William Middendorf (DDG 138), a Flight III Arleigh Burke-class destroyer that will strengthen the U.S. Navy’s missile-defense and escort capacity during sustained operations in the Red Sea, Eastern Mediterranean, and Indo-Pacific. The ceremonial first steel cut took place in Maine on May 19, 2026, as the Navy continues relying on Flight III destroyers equipped with the SPY-6 radar and Aegis Baseline 10 combat system to replace the air defense and command role of retiring Ticonderoga-class cruisers ahead of the future DDG(X) program.  Read full defense news at this link... USS J. William Middendorf belongs to the Flight III configuration that began with USS Jack H. Lucas (DDG 125), the first Flight III destroyer commissioned in October 2023. (Picture source: US Navy) Read more... from World Defence News https://ift.tt/tSRkVWI via IFTTT
Post a Comment
Read more

U.S. Army Conducts Gunnery Exercise With Latest Air Defense System Sgt Stout.

U.S. Army officials confirmed that a live gunnery exercise at Fort Hood, Texas, is underway, featuring the latest-generation Sgt Stout short-range air defense system. The drills mark a significant step toward full operational integration as units across the force adapt to evolving threats from drones, rotary-wing aircraft, and low-flying munitions. It matters because Sgt. Stout enhances the Army’s ability to defend forward-deployed troops and critical infrastructure from modern aerial threats. Read full Defense News at this link ... A U.S. Army SGT Stout SHORAD air defense vehicle maneuvers into firing position during live-fire training with the 6th Battalion, 56th Air Defense Artillery Regiment at Fort Hood, Texas, on October 3, 2025. (Picture source: U.S. Department of War) Read More from World Defence News https://ift.tt/NYmsS1n via IFTTT
Post a Comment
Read more

China’s PHL-191 MLRS Shows How Airburst Munitions Could Transform Modern Battlefield Suppression

 China has showcased what appears to be an airburst-capable munition fired from its PHL-191 long-range modular multiple launch rocket system during a live-fire exercise, highlighting a growing emphasis on suppressing dispersed battlefield targets rather than relying solely on point strikes. Footage released on July 19, 2026, by China Military Online and the Chinese Ministry of National Defense suggests the PLA is expanding its long-range fire-support options with effects designed to disrupt troops, air-defense sites, and lightly protected equipment across a wider area, reinforcing its ability to shape the battlefield before major combat operations begin.  Read Full Defense News At This Link. New PLA footage shows China’s PHL-191 rocket artillery system delivering concentrated, apparent airburst fragmentation effects against dispersed battlefield targets (Picture Source: Chinese Ministry of National Defense) from World Defence News https://ift.tt/jYnGm7H via IFTTT
Post a Comment
Read more