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Russia Will Take Time to Form Response to EU Gas Price Cap

RUSSIA
  • The EU gas price cap is a violation of the market pricing process and an infringement on market process, Interfax reported, citing Kremlin spokesman Peskov. Any reference to price cap can’t be accepted and Russia will need time to weigh thoroughly the pros and cons to draft its response, he added.
  • Russia and Belarus agreed on all main parameters of pricing for their energy trade, President Putin said after the meeting his counterpart in Minsk yesterday evening. On Monday, Putin said the two sides will discuss military-technical cooperation including joint defense-industry projects, but will mainly focus on strengthening economic ties.
  • President Putin will present state awards at the Kremlin today, while Foreign Minister Lavrov holds a meeting of commission on Russians living abroad, Interfax reports. There are no major economic releases scheduled today.

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