Moscow did not consult OPEC+ to respond to the Russian oil price ceiling

Kremlin spokesman Dmitry Peskov said that his country did not consult OPEC + regarding its response to the Western price ceiling imposed on Russian oil, noting that Russia has the sovereign right to take whatever it deems appropriate to respond to such “illegal measures.”

On Tuesday, Russian President Vladimir Putin announced Russia’s long-awaited response to the Western price ceiling, signing a decree banning the supply of crude oil and oil products to countries that apply the price ceiling for a period of five months, starting from February 1.

According to Reuters, Peskov added that contacts between Moscow and the OPEC + alliance, which includes major oil producers in the world, including Russia, are continuing on other issues.