The Kremlin warns of rising oil prices as the attack on Russia continues

Kremlin spokesman Dmitry Peskov said on Sunday that global oil prices may rise further if Ukraine continues to target Russian oil infrastructure.

He continued, "If the market is deprived of additional quantities of our oil, prices will rise even higher than their current levels, which already exceed 120 dollars per barrel."

Peskov added, "This means that even with a decrease in export volumes, our companies will earn more money, and the state will receive more revenue."