Kremlin Warns G7 Oil Sanctions Would Backfire, Threaten Global Energy Markets

Dec 20, 2024, 10:16 AM

The Kremlin has stated that it will take countermeasures against any new oil sanctions that might be imposed by the Group of Seven (G7) nations. Kremlin spokesman Dmitry Peskov warned that such sanctions would backfire on the countries implementing them and could lead to instability in global energy markets. Peskov emphasized that Russia would act to minimize any consequences and protect its companies, asserting that these measures would ultimately harm those who impose them.