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Price ceiling for Russian oil not be canceled any time soon — Novak

Russia does not recognize terms of the price ceiling and Russian companies abide by the presidential decree that prohibits oil supplies under it, the official said

MOSCOW, October 13. /TASS/. The price ceiling for Russian oil will not be abolished in the near time, Deputy Prime Minister Alexander Novak said on the air with the Business FM radio station.

"I also do not believe," Novak said, commenting on the possibility of its cancellation.

Russia does not recognize terms of the price ceiling and Russian companies abide by the presidential decree that prohibits oil supplies under it, the official said. "Therefore, there is no difference for us whether this ceiling is in place or not but this is bad for the market," he added.

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Alexander Novak

Anti-Russian sanctions

US sanctions against Gazprombank leading to energy price growth in Europe — investor

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Putin publishes article on Russian-Kazakh relations ahead of visit to Astana

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Russian military engaged in tough battles with Ukrainians in Kharkov Region — official

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Pentagon not yet assessed damage caused by use of Russia’s newest Oreshnik missile

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Proposal to give Kiev nuclear arms highly extremist — Kremlin

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Ukraine launches second strike on Novaya Kakhovka after emergency services arrive

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Retreating Ukrainian troops leave dozens of bodies behind in Chasov Yar

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Kremlin confident Putin’s warning about strikes inside Russia was well heard in West

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Russian troops liberate Kopanki community in Kharkov Region over past day

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Kiev failed to inform Ottawa Convention signatories about its plans to violate it

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Russia fails to get seat at OPCW Executive Council — vote outcome

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