Saudi minister speaks on EU embargo on Russian oil

MOSCOW, 5 Oct – PRIME. Saudi Energy Minister Prince Abdulaziz bin Salman, in response to a question about the use of oil as a weapon, asked for an explanation of exactly where the hostile act was.

“A very provocative question…. Show me exactly where the hostile act is,” he replied during a press conference following the OPEC+ meeting to the question of whether OPEC is using oil as a weapon.

OPEC Secretary General Haytham al-Ghais also added that the alliance does not threaten energy markets. “We ensure the security and stability of energy markets. Everything has its price, energy security has its price,” he added.

He also said that OPEC + does not know what will happen to the European embargo on Russian oil and the price ceiling for it, who will support it and how the market will react.

“We have so many uncertainties, we don’t know what will happen with the embargo, we don’t know yet how the price ceiling will work, who is going to support it and what its impact will be,” he said during a press conference, answering a question whether the alliance will react to the introduction of a price limit on Russian oil at the next meeting.

The Czech President to the EU, Edita Hrda, said earlier on Wednesday that the permanent representatives of the EU countries had agreed on new sanctions against Russia, including a ceiling on oil prices.

Earlier, Russian President Vladimir Putin, commenting on the West’s idea to limit prices for Russian energy resources, said that Russia would not supply anything abroad if this would be contrary to its own interests.