Kremlin warns of oil price increase if Ukrainian strikes on its facilities continue

Dhaka, Bangladesh || Sunday, 3 May 2026 || 20 Boishakh 1433

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Kremlin warns of oil price increase if Ukrainian strikes on its facilities continue

Published : Sunday, 3 May, 2026 at 5:51 PM, Count : 4

Kremlin warns of oil price increase if Ukrainian strikes on its facilities continue

Kremlin spokesman Dmitry Peskov said on Sunday that global oil prices may rise further if Ukraine continues to hit Russia's oil infrastructure, Russian TV reported.

“If additional volumes of our oil are dropped from the market, prices will rise further from current levels, which are already above $120 a barrel. That would mean that even with lower export volumes, our companies would earn more money and the state would receive more revenue,” Peskov said.

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