Russia will stop delivering oil and gas supplies to countries that introduce price caps, President Vladimir Putin said on Wednesday.
Capping prices, as some Western countries are considering,"would be an absolutely stupid decision," Putin told the Eastern Economic Forum in the Pacific port city of Vladivostok.
G7 industrialised powers on Friday vowed to move urgently towards implementing a price cap on Russian oil imports, in a bid to cut off a major source of funding for Moscow's military action in Ukraine. "Those who are trying to impose something on us are in no position today to dictate their will," Putin said.Pointing to rising energy prices in Europe ahead of winter, Putin insisted Russia would supply nothing outside of existing contracts, quoting a Russian fairy tale:"Freeze, freeze, the wolf tail".
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