Kremlin Condemns G7 Sanction Threats on Russian Oil

The Kremlin warns that new G7 sanctions on Russia's oil industry could destabilize global energy markets, as plans are considered to intensify restrictions on Russian crude oil prices. Kremlin spokesman Dmitry Peskov emphasizes Russia's commitment to minimizing impact and protecting its economic interests.

The Kremlin has issued a stark warning against proposed G7 sanctions targeting Russia's oil industry, asserting that such moves could destabilize the global energy market.

According to Bloomberg News, the G7 is contemplating a more stringent approach, potentially replacing the current price cap on Russian oil with a ban or lowering the cap from $60 to $40 per barrel.

Kremlin spokesman Dmitry Peskov expressed concerns over these alternatives, noting potential risks to international energy stability and affirming Russia's intent to mitigate any adverse consequences.

(With inputs from agencies.)