Russian President Vladimir Putin said Thursday during a telephone conversation with Iraqi Prime Minister Mohamad Shia al Sudani that a possible cap on Russian oil prices will have “serious consequences” for world energy markets.
“Vladimir Putin emphasized that such actions are contrary to the principles of market relations and it is very likely that it could lead to serious consequences for the world energy market,” he has stressed in a statement, picked up by the Interfax news agency.
In addition, both Al Sudani and Putin have “positively” assessed during the call the joint work of both countries within the framework of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, led by Russia, OPEC+.
Apart from the energy crisis, the parties stressed “the traditionally friendly and constructive nature” of Russian-Iraqi relations, while expressing mutual readiness for “progressive” development in various fields in the interests of expanding “trade and economic ties”.
“During the exchange of views in connection with the escalation of tension in northern Iraq, the Russian president spoke in favor of resolving the emerging problems by political and diplomatic means,” the Kremlin emphasized.
