Moscow/Kyiv: Russian President Vladimir Putin warned on Thursday that Western plans to introduce oil worth caps might have “grave consequences” for vitality markets, talking throughout a phone dialog with Iraq’s prime minister.

“Vladimir Putin stressed that such actions are contrary to the principles of market relations and are highly likely to lead to grave consequences for global energy markets,” the Kremlin mentioned in a readout of the Russian chief’s name with Iraqi PM Mohammed Shia al-Sudani.

On Tuesday, the US Treasury Department mentioned that Washington and its allies had been now planning to finalise a worth cap for Russian oil in “the next few days”, as they search to chop off a essential supply of funding for Moscow.

Meanwhile, Ukraine struggled on Thursday to restore its battered energy and water companies after Russia focused the electrical energy grid with dozens of cruise missiles and temperatures plunged. The Kremlin on Thursday denied that its assaults on Ukraine’s electrical energy community had been aimed toward civilians, however mentioned Kyiv might “end the suffering” of its inhabitants by assembly Russia’s calls for to resolve the battle.

Russia’s Federal Security Service (FSB) mentioned on Thursday that it had prevented Ukrainian particular companies from finishing up what it mentioned was sabotage on the “South Stream” fuel pipeline.

Also, Russian authorities say a gunman opened fireplace in a southern metropolis on Thursday fatally injuring three folks after which killed himself. The violence passed off within the metropolis of Krymsk within the Krasnodar area, about 1,200 kilometres south of Moscow.