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Kremlin-Gazprom Could Revise Contract Terms If G7 O&G Price Cap Comes In

RUSSIA

Kremlin spox Dmitri Peskov gives response to media reports G7 has proposed to cap Russian energy prices.

  • States that Russia is not yet aware of the full G7 proposal to cap price for Russian O&G.
  • Says that Gazprom may ask for contractual terms to be revised if the proposal comes into force.
  • Regarding impact on state finances states that 'delivering on all social obligations is Russia's main priority'.
  • Peskov also confirms that President Vladimir Putin will meet with his Iranian counterpart Ebrahim Raisi in Ashgabat, Turkmenistan as part of the Caspian Summit.
  • Putin-Raisi meeting comes as Iran launches official application to join the BRICS group of nations alongside Russia, China, Brazil, India, and South Africa.

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