Russia: OPEC+ Cooperation Counters "Western Manipulation"

Wires carrying comments from the Russian Foreign Ministry on OPEC+ and actions taken by the G7+Austalia to enforce a price cap on Russian crude oil.

• Russian MFA, per Reuters: "OPEC+ cooperation is of a great significance... OPEC+ cooperation allows to stabilize oil markets despite 'western manipulation' with price caps."
• Russian MFA: "Russia is a responsible energy supplier to global markets."
• In late September, US Treasury Secretary Janet Yellen acknowledged that the price cap on Russia crude was failing to significantly lower the price paid for Russian oil leading the G7+Australia to unveil new measures, including sanctions against entities found selling Russian crude above the cap.
• Reuters reported this week, "Oil freight rates from Russia's Baltic ports to India are up some 50% since last week as more shipowners quit the market after the first U.S. sanctions on shipowners carrying Russian crude priced above a G7 cap."
• A source told Reuters: "Higher shipping rates and payment issues amid rising U.S. control over Russian oil shipments may put Moscow's plan to trim discounts for its oil on the global market on hold..."