Japan’s oil price cap “half” plan, crude oil over $ 400 = former Russian president | Reuters

On July 5, Russia’s former President Medvejev said that Russia’s oil price cap would be regarding half of its current price, according to reports from Japan, which, if implemented, would significantly reduce crude oil on the market. He pointed out that the price might rise to over $ 300-400 per barrel. The photo was taken in Moscow on Victory Day on May 9th (2022 Archyde.com / Maxim Shemetov)

[Archyde.com]–Russia’s former president Medvejev said on the 5th that the upper limit of Russian oil prices will be regarding half of the current price. He pointed out that the price might drop sharply and the price might rise to over $ 300-400 per barrel.

Regarding this proposal, which Prime Minister Fumio Kishida allegedly said, “(as a result of Japan) neither oil nor gas will be available from Russia, and we will not be able to participate in the’Sakhalin 2’LNG (liquefied natural gas) project. “.