Kremlin: Russia sees no effect of oil price ceiling set by G7

MOSCOW, Mar 7 (PRIME) -- The G7 states have set a price ceiling for Russian oil, but judging by the prices on the market the ceiling does not exist, presidential spokesman Dmitry Peskov said Tuesday.

"On the one hand, they have set the ceiling, but on the other hand, there is no ceiling in place taking into account the existing price level in practice," Peskov said.

Peskov also said that Russia does not recognize the price ceiling and is working to avoid damage.

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