Home World Ukraine: Putin warns of ‘grave consequences’ to oil cost caps | World...

Ukraine: Putin warns of ‘grave consequences’ to oil cost caps | World News


Moscow/Kyiv: Russian President Vladimir Putin warned on Thursday that Western strategies to introduce oil cost caps could have “grave consequences” for vitality marketplaces, talking in the course of a phone dialogue with Iraq’s primary minister.

“Vladimir Putin pressured that these kinds of steps are opposite to the concepts of industry relations and are hugely most likely to direct to grave outcomes for world-wide vitality marketplaces,” the Kremlin stated in a readout of the Russian leader’s contact with Iraqi PM Mohammed Shia al-Sudani.

On Tuesday, the US Treasury Office stated that Washington and its allies ended up now preparing to finalise a cost cap for Russian oil in “the following several days”, as they search for to reduce off a essential resource of funding for Moscow.

In the meantime, Ukraine struggled on Thursday to mend its battered energy and h2o solutions immediately after Russia specific the electrical power grid with dozens of cruise missiles and temperatures plunged. The Kremlin on Thursday denied that its assaults on Ukraine’s electrical power community ended up aimed at civilians, but stated Kyiv could “end the suffering” of its populace by assembly Russia’s calls for to solve the conflict.

Russia’s Federal Safety Support (FSB) stated on Thursday that it experienced prevented Ukrainian particular solutions from carrying out what it stated was sabotage on the “South Stream” gasoline pipeline.

Also, Russian authorities say a gunman opened hearth in a southern town on Thursday fatally injuring a few individuals and then killed himself. The violence took spot in the town of Krymsk in the Krasnodar area, about 1,two hundred kilometres south of Moscow.

LATEST NEWS:  Ukraine war: More than 4.4 million Ukrainians fled state, claims UN | World News