This article was added by the user . TheWorldNews is not responsible for the content of the platform.

Former Russian president warns that oil could exceed $ 300 if Japan imposes a price cap

Dmitry Medvedev
"There will be significantly less oil on the market and much higher prices," said former Russian President Dmitry Medvedev. Medvedev said. Via Reuters

Former Russian President Dmitry Medvejev was reported from Japan on Tuesday When the price of Russian oil, which stated the proposal for the cap, is about half of the currentlevel, the oil on the market will be significantly reduced and the price will exceed $ 300 to $ 400 per barrel. There is a possibility.

Regarding the alleged proposal by Prime Minister Fumio Kishida, Medvejev said Japan "has no oil or gas from Russia and will not participate in Sakhalin-" rice field. As a result, the 2LNG project ".

President Vladimir Putin last week signed a decree that gives full control of the Sakhalin-II gas and oil project in Russia's Far East. ..

To remain a new company to replace the existing operating company Sakhalin Energy Investment Company, foreign shareholders must request shares from the Russian government within a month.

G7 leaders last weektried to limit Russian resources to fund military operations in Ukraine, with temporary import prices for Russian fossil fuels, including oil. Agreed to investigate the possibility of introducing the upper limit of.

Sakhalin-2 LNG project

"There is significantly less oil on the market and prices are much lower. It's also higher than the astronomical price forecast of $ 300-400 per barrel, "Medbejeff, now Vice-Chair of the Russian Security Council, wrote on social media.