On March 30, TASS news agency quoted Russian Deputy Foreign Minister Andrey Rudenko as saying about the classification of trading partners in the energy market. Mr. Rudenko affirmed that Moscow will not include in the list of oil suppliers countries that maintain the ceiling price.
Representatives from the Russian side said that the market is currently fluctuating strongly with a shortage of supply and the price ceiling is a non-market measure that breaks the global supply chain.
Mr. Rudenko pointed out that Japan is currently in the group of countries that fulfill their obligation to apply price ceilings to Russian oil. According to previous statements, Moscow will not supply energy to any country that supports this policy.
Russia assesses that price intervention measures will only exacerbate the unstable situation and waste resources in the world energy market.
For countries not on the restricted list, Russia said it will carefully consider each official oil purchase request document.
In the process of making decisions, Moscow will prioritize based on the status of bilateral relations and the protection of national economic interests. Maintaining domestic economic stability is the core principle when the Russian government establishes new lists of trade partners.
This move comes as energy sanctions remain the focus of controversy between Russia and Western countries. The group of countries applying price ceilings expects this measure to reduce Moscow's revenue, but Russia has reacted by removing them from the list of customers.
Decisions on future oil sales will directly depend on the policies of each country regarding the price regulation mechanisms that Russia is opposing.
The establishment of a list of countries allowed to buy oil is considered a strategic step by Russia to ensure economic security. Moscow is carefully considering the next steps to ensure the stability of the domestic supply chain. The attitude of countries towards the price ceiling mechanism will be a decisive factor in whether they are named in the energy cooperation list with Russia or not.
