7/4, 11:46 AM (Source: TeleTrader)
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Peskov: Japan's proposal to cap Russian oil price not final

Kremlin spokesman Dmitry Peskov argued on Monday that the government would wait and see if other countries join Japan's proposal for the West to cap the price of Russian oil to around 50% of the current market value.

Peskov told reporters that other countries might disagree with the proposal yesterday revealed by Japanese Prime Minister Fumio Kishida, who referred to a joint statement issued at the end of the G7 summit last month.

The possible action against Russian oil comes in response to Moscow's military operations in Ukraine.

Baha Breaking News (BBN) / ND