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Putin threatens to cut oil production beyond price ceiling | Russo-Ukrainian War


The Russian president said that a prisoner exchange with the United States could be possible in the future and that Russia’s hypersonic weapons would protect the country if attacked.

Russian President Vladimir Putin has announced that Russia will not sell oil to any country that imposes a ceiling on its oil exports and is considering reducing oil production.

On Monday, the G7, the European Union and Australia imposed a price limit Russia’s oil price is $60 a barrel in a move aimed at reducing Moscow’s ability to finance its war in Ukraine.

“I said that we simply will not sell to countries that make such decisions,” Putin said Friday at a news conference held after a regional summit in the capital. Kyrgyz city of Bishkek.

“We will look at the possibility of reducing output if necessary,” he added, calling the price cap a “stupid decision” that is “bad for the global energy market.”

Putin also addressed several other topics during the press conference. Here’s a bunch of what he said:

  • “Who is Yashin?” The Russian leader asked when answering a reporter’s question. Just hours earlier, opposition leader Ilya Yashin, 39, sentenced to eight and a half years jailed for spreading “fake information”. Yashin was indicted after discussing evidence of atrocities committed by Russia in the Ukrainian city of Bucha, north of Kyiv, casting doubt on the Kremlin’s narrative that such reports were fabricated as a “provocation” against Russia. Putin said it was wrong to doubt the court’s decision.
  • Putin said prisoner exchanges between the United States and Russia are possible and contacts between the intelligence agencies of the two countries will continue. He made the comment a day after US basketball star Brittney Griner has been swapped to arms dealer Viktor Bout. “Contacts continue. In fact, they never stopped,” Putin said. “…We do not refuse to continue this work in the future.” Russia continues to detain Paul Whelan, a former US Marine who was convicted of espionage in 2020 in a trial that US diplomats say is unfair and untransparent.
  • Putin said Russia is not in a position to launch a preemptive nuclear strike, unlike the United States, but that Russia’s advanced hypersonic weapons will ensure Russia can respond strongly if attacked.
  • The Russian leader acknowledged problems in procuring equipment and clothing for the hundreds of thousands of troops Moscow has deployed to fight in Ukraine in recent months. He said some issues related to the supply of 300,000 men raised during the September and October mobilization have now been eased.
  • Putin said he was “disappointed” by comments by former German Chancellor Angela Merkel, who told a German magazine that peace agreements to end the conflict in eastern Ukraine that began in 2014 were an attempt to “give Ukraine time” to build. its defense. Russian-backed separatists seized parts of eastern Ukraine after Russia annexed the Crimean Peninsula in 2014. Peace agreements were never fully implemented.
  • Putin said Russia may have to reach a peace agreement regarding Ukraine in the future, but feels betrayed by the breakdown of previous Minsk agreements. Putin said German and French mediators have betrayed Russia and are now pumping weapons to Kyiv.

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