Kremlin Warns Ukraine Strikes Could Push Global Oil Prices Higher

(MENAFN) The Kremlin signals that continued Ukrainian strikes targeting Russian infrastructure could have broader economic consequences, particularly for global oil markets, as stated by reports.

In remarks during a televised interview, Kremlin spokesman Dmitry Peskov explains that disruptions affecting Russian oil output could reduce supply on the international market, ultimately driving prices higher.

"What would that mean? That even with a smaller amount of oil sent for export, our companies will earn more money, and our state will receive more money," Peskov said.

He indicates that such a scenario could still work in Russia’s favor financially, stressing that national interests would remain safeguarded despite potential supply disruptions.

"But the main thing, of course, is for us to continue to insure ourselves against further risks of such terrorist attacks by the Kyiv regime," Peskov emphasized.

Addressing the role of the United States, Peskov suggests that Washington has the capability to exert influence over Kyiv’s actions.

"In theory, yes, it certainly could, and many know this."

He also points to Europe as an increasingly significant factor in the situation, describing its stance as intensifying military efforts.

"A third player has emerged here. You see that the Europeans are mobilizing, using this ostentatious Russophobia as a trigger. They are ready to spend large sums of money on military buildup," he said.

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