THE DECISION of the eu Union (EU), G7 and Australia to impose a ceiling price of 60 dollars in keeping with barrel for oil transported from Russia via sea, came from Russia. Ivan Abramov, Deputy Chairman of The Economic Coverage Committee of the Russian Federation Council, said that with the implementation of the stated choice, oil costs increases much more across the global. Senator Abramov, “The Effects of any such decision are clear. it is going to create an avalanche effect at the deterioration of the evolved supply chain and the rise in gas costs around the globe. The ceiling value software via the G7 on Russian oil can have very serious results for the eu other folks and the eu economic system.” said. Emphasizing that Europeans will spend a cold winter with this resolution, Abramov said that Russia won’t promote oil on the ceiling price decided by way of the G7 and that He stated that they would proceed their trade with the nations with which they traded. “of course, we is not going to sell our oil at these made up our minds prices. Our oil will likely be offered to international locations that need to cooperate with us in a together a good suggestion approach,” Abramov mentioned.