Russia "Korea faces serious consequences when crude oil joins the cap."

Russian President Vladimir Putin said he would not export energy such as crude oil and gas to countries that participate in the U.S.-led cap on the price of Russian crude oil. Russia threatened, "If South Korea joins the introduction of the oil price cap, it will face serious negative consequences." The oil price cap is a joint control of Russian oil prices by major purchasing countries to limit Russia's profits from crude oil exports.

At the 7th Eastern Economic Forum held in Vladivostok, Russia on the 7th, President Putin said, "If it is against our economic interests, we will not supply anything." "There will be no gas, no crude oil, no coal, no gasoline," he said. "We will not sell crude oil while looking at the damage," Georgi Ginoviev, director of the Russian Foreign Ministry, told Russia's official Sputnik news agency. "Korea will buy crude oil at a higher price," he said. The Korean government has expressed its intention to join the oil ceiling.

On the same day, the Russian Ministry of Foreign Affairs also said, "We are ready to resume the supply of crude oil and petroleum products to North Korea, which was suspended in the wake of the new coronavirus infection (COVID-19 pandemic." Although Russia did not mention how much oil it would supply to North Korea, observers say it could be an attempt to neutralize sanctions against North Korea.

The U.S. government officially confirmed that Russia, which is known to be short of Ukrainian military supplies due to Western sanctions, has been detected to purchase North Korean weapons. "There are signs that Russia is in the process of purchasing North Korean weapons," said John Kirby, White House strategic communications coordinator on the 6th. It seems to include millions of rockets and shells, but it is unclear whether the actual purchase was made.

Date: 2022-8-30

Reporter: 서화목