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Ukraine: Putin warns of ‘grave penalties’ to grease price caps | World Info

Moscow/Kyiv: Russian President Vladimir Putin warned on Thursday that Western plans to introduce oil price caps may need “grave penalties” for energy markets, speaking all through a telephone dialog with Iraq’s prime minister.

“Vladimir Putin pressured that such actions are reverse to the concepts of market relations and are extraordinarily extra prone to lead to grave penalties for worldwide energy markets,” the Kremlin said in a readout of the Russian chief’s title with Iraqi PM Mohammed Shia al-Sudani.

On Tuesday, the US Treasury Division said that Washington and its allies had been now planning to finalise a price cap for Russian oil in “the next few days”, as they search to cut off a vital provide of funding for Moscow.

Within the meantime, Ukraine struggled on Thursday to revive its battered power and water corporations after Russia centered {the electrical} power grid with dozens of cruise missiles and temperatures plunged. The Kremlin on Thursday denied that its assaults on Ukraine’s electrical power group had been geared towards civilians, nonetheless said Kyiv would possibly “end the struggling” of its inhabitants by meeting Russia’s requires to resolve the battle.

Russia’s Federal Security Service (FSB) said on Thursday that it had prevented Ukrainian explicit corporations from ending up what it said was sabotage on the “South Stream” gasoline pipeline.

Moreover, Russian authorities say a gunman opened fire in a southern metropolis on Thursday fatally injuring three of us after which killed himself. The violence handed off inside the metropolis of Krymsk inside the Krasnodar space, about 1,200 kilometres south of Moscow.

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