https://sputnikglobe.com/20221207/kremlin-russia-uae-and-presidents-discuss-joint-work-to-ensure-global-oil-market-stability-1105131960.html
Kremlin: Russia and UAE Presidents Discuss Work to Ensure Stability of Global Oil Market
Kremlin: Russia and UAE Presidents Discuss Work to Ensure Stability of Global Oil Market
Sputnik International
MOSCOW (Sputnik) - Russian President Vladimir Putin and UAE President Mohamed bin Zayed Al Nahyan have held a phone conversation, during which they noted the... 07.12.2022, Sputnik International
2022-12-07T09:16+0000
2022-12-07T09:16+0000
2022-12-10T10:12+0000
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The presidents also discussed the situation in connection with the West's attempts to impose a price cap on oil from Russia, the statement added.A price cap on Russian oil was agreed upon by the European Union, G7 nations and Australia at $60 per barrel, and came into effect on 5 December. Moscow stressed it won't comply with the cap and won't sell oil to those who adopted it, calling the cap a brazen attempt to manipulate “the basic principles of free markets."
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Kremlin: Russia and UAE Presidents Discuss Work to Ensure Stability of Global Oil Market
09:16 GMT 07.12.2022 (Updated: 10:12 GMT 10.12.2022) MOSCOW (Sputnik) - Russian President Vladimir Putin and UAE President Mohamed bin Zayed Al Nahyan have held a phone conversation, during which they noted the effectiveness of their joint work within the framework of OPEC+ to ensure the stability of the global oil market, the Kremlin said in a statement.
"They noted the effectiveness of joint work within the framework of OPEC+ to ensure the stability of the world oil market. They noted with satisfaction consistent implementation by all participating states of the agreed decisions," the Kremlin said in a statement.
The presidents also discussed the situation in connection with the West's attempts to impose a price cap on oil from Russia, the statement added.
A price cap on Russian oil was agreed upon by the European Union, G7 nations and Australia at
$60 per barrel, and came into effect on 5 December. Moscow stressed it won't comply with the cap and won't sell oil to those who adopted it, calling the cap a brazen attempt to manipulate “the basic principles of free markets."
