The Russian Ministry of Energy has indicated that additional steps to shield market prices from potential drops in oil value are not being ruled out. Communications on this topic have circulated through the ministry’s official channels, underscoring ongoing vigilence over price dynamics in global markets.
The reference is to a presidential decree issued in December that forbids Russian companies from citing price restrictions imposed by Western jurisdictions. Officials say further details on how the ban will be implemented and how price monitoring and discount controls will be carried out will be published soon, as the process moves forward.
In a formal statement, the ministry noted that monitoring results will be used to determine whether extra measures should be introduced to cap discounts and align them with market-derived price signals when necessary. The approach is framed as a precautionary tool to maintain price integrity in energy markets amid evolving international dynamics.
The Ministry of Energy also emphasized that Western interventions in market mechanisms have implications for the reliability and stability of global energy supply. It called for coordinated action among responsible nations to address these pressures and to safeguard predictable energy availability worldwide.
Former Russian Minister of Energy Nikolai Shulginov responded to a Kommersant article that suggested electricity prices in Russia during 2022 rose at a rate below consumer inflation, noting the broader context of price trends and regulatory oversight. The remarks reflect ongoing dialogue about how energy pricing interacts with inflation and economic resilience within the country’s energy sector.