Russian Prime Minister Vladimir Putin warned Thursday that rocketing oil prices amid instability in Libya pose a "serious threat to the world."
Russian Prime Minister Vladimir Putin warned Thursday that rocketing oil
prices amid instability in
Libya
pose
a "serious threat to the world."
Speaking in
Brussels
after
talks with the European Commission, Putin said
Russia
sees
"numerous risks and threats in connection with the price for fuel and
energy at the level of 118 dollars per barrel which represents a serious threat
to the world."
London Brent crude went even higher, close to $120, a level unseen since
mid-2008, as the Libyan crisis stoked supply jitters across the
Middle
East
and beyond.
Of oil prices, Putin said "the Russian economy is not interested in
pursuing this policy."
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