6 Dec 2022

Russia hits back at cap on crude oil price

From Morning Report, 7:39 am on 6 December 2022

Russia has hit back at a price cap on its crude oil implemented by Western allies on Friday.

The cap of sixty US dollars per barrel is mean to curb Russia's ability to spend on the war in Ukraine.

But Russia says the cap will destabilise global energy markets without affecting its military capabilities.

Oil analyst Simon Henderson spoke to Corin Dann.