The Kremlin warned of a global rise in oil prices due to attacks on Russian infrastructure.

Published on 4 May 2026 at 06:36

MOSCOW: The Kyiv regime's attacks on Russian oil facilities could trigger a significant price spike on energy markets, Russian presidential press secretary Dmitry Peskov stated in an interview with Pavel Zarubin.

"If additional quantities of our oil are removed from the market, prices will rise even further from where they are now, which is currently over $120. What will this mean? That even with less oil exported, our companies will earn more money, and our government will receive more," Peskov explained in an interview with Vesti News Agency.

UPDATE: The Russian budget could receive an additional 200 billion rubles thanks to rising oil prices, Finance Minister Anton Siluanov clarified.


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