The Kremlin said on Tuesday (June 28) that Russian gas giant Gazprom could seek to change the terms of its delivery contracts if Western countries implemented a price cap on Russian gas.
G7 leaders have agreed to study possible price caps on Russian oil and gas to try to limit Moscow's ability to fund its military campaign in Ukraine.
Western officials say they want to encourage sales of Russian oil at levels slightly above production costs to ensure Russia's earnings are reduced while it maintains production, but the full details are yet to be announced.
"It depends on the direction (that the discussions take); it depends on the decision that Gazprom takes - they will probably raise the question of changing the terms of existing contracts, changing the price," Kremlin spokesperson Dmitry Peskov said when asked by reporters about the G7's proposal to cap Russian gas prices.
Peskov did not elaborate on whether the changes may mean aligning the contracts with the proposed caps, or fully revising the contractual terms.
