Putin threatens production cuts over oil price cap
AFP,
Published 2022 Dec 10 Saturday
file photo
BISHKEK, Kyrgyzstan : President Vladimir Putin said Friday that Russia could reduce oil production in response to a $60 price cap on its oil exports agreed by Western nations over Moscow's Ukraine offensive.
"We will consider a possible reduction in production if necessary," Putin told reporters at a press conference in Kyrgyzstan's capital Bishkek following a regional summit, calling the price cap a "stupid decision" that is "harmful to global energy markets".
