Russia Threatens Oil and Gas Shut-Off as West Pursues Energy Price Caps

INSUBCONTINENT EXCLUSIVE:
Russian officials threatened Friday to stop all oil and gas imports to Europe if major Western countries go ahead with plans to implement
Russian President Dmitry Medvedev said Friday on Telegram that Russia would block all oil and gas deliveries to Europe this winter if the
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It will be the same as with oil
Dmitry Peskov told reporters Friday that "companies that impose a price cap will not be among the recipients of Russian oil."Energy sales
price cap on Russian oil imports to stop Moscow from raking in huge profits from soaring energy prices, though it did not specify the level
of any cap.Finance ministers from the Group of Seven advanced nations said in a statement they would "urgently work on the finalization and
implementation" of the measure."Russia is benefiting economically from the uncertainty on energy markets caused by the war and is making big
profits from the export of oil and we want to counter that decisively," German Finance Minister Christian Lindner said in a press
conference.G7 countries wanted to "limit Russia's revenues and reduce the economic damage for our societies," Lindner added.Earlier in the