The Kremlin said on Tuesday that it did not recognise the price cap introduced by Western countries on its oil exports, after the United States said that the cap was “working well”.
Washington was one of the key architects of the Western price cap on Russian oil, which aims to drive down Moscow’s revenues used to fund its invasion of Ukraine.
“We do not and will not recognise any cap. We are working so that this system does not harm our own interests,” Kremlin spokesman Dmitry Peskov told reporters.
