President Vladimir Putin has banned the sale of Russian oil to any nation enforcing a price cap on its exports from February next year.
Earlier in December EU countries, Australia, and the G7 nations agreed to spend no more than 60 US dollars per barrel from Russia.
The scheme is meant to minimise Russian profits while preventing a global price shock. But Russia warned there would be retaliation.
Start Smith reports from Moscow.
Earlier in December EU countries, Australia, and the G7 nations agreed to spend no more than 60 US dollars per barrel from Russia.
The scheme is meant to minimise Russian profits while preventing a global price shock. But Russia warned there would be retaliation.
Start Smith reports from Moscow.
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