Russia mulls banning oil supplies subject to Western price cap
MOSCOW, Dec 4 (Reuters) - Russia is working on the possibility of banning oil supplies subject to a Western-imposed price cap, Russian Deputy Prime Minister Alexander Novak said on Sunday.
"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 destabilise the market," Novak said.
Russia will not operate under a price cap, even if Moscow has to cut production, Novak said.
Reporting by Reuters; editing by Guy Faulconbridge
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