Radio Free Europe

RFE/RL journalists report the news in 22 countries where a free press is banned by the government or not fully established, including Iran, Afghanistan, Pakistan, and Russia.

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Russia Will Not Export Oil Subject To Western Price Cap, Deputy Prime Minister Says.

Russian Deputy Prime Minister Aleksandr Novak (file photo)

Russian Deputy Prime Minister Aleksandr Novak (file photo)

Russia will not export oil that is subject a Western-imposed price cap even if Moscow has to accept a drop in oil production, President Vladimir Putin's point man on energy said on December 4. "We are working on mechanisms to prohibit the use of a price-cap instrument, regardless of what level is set, because such interference could further destabilize the market," Russian Deputy Prime Minister Aleksandr Novak said. On December 4, Group of Seven countries and Australia agreed a $60-per-barrel price cap on Russian seaborne crude oil in a move to deprive President Vladimir Putin of revenue while keeping Russian oil flowing to global markets. To read the original story by Reuters, click here .

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