Finance
Kremlin says Ukraine conflict is about national security, not oil
Published by Global Banking and Finance Review
Posted on January 24, 2025
1 min readLast updated: January 27, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 24, 2025
1 min readLast updated: January 27, 2026
The Kremlin states the Ukraine conflict is about national security, not oil prices, countering Trump's push for lower oil costs.
MOSCOW (Reuters) - The Ukraine war is about Russia's national security and not about oil prices, the Kremlin said on Friday after U.S. Donald Trump called for a cut in the price of oil.
Trump on Thursday said he will demand Saudi Arabia and OPEC bring down the cost of oil.
Kremlin spokesman Dmitry Peskov, responding to a question about those comments, said the issues for Russia in Ukraine were about national security, threats to Russians living there, and the refusal of the United States and Europe to listen to Russia's concerns.
Ukraine and its Western supporters reject those arguments, saying Russia launched the war as an imperial-style land grab.
(Reporting by Dmitry Antonov; Writing by Anastasia Teterevleva; Editing by Mark Trevelyan)
The main topic is the Kremlin's stance that the Ukraine conflict is about national security rather than oil prices.
Trump called for Saudi Arabia and OPEC to reduce oil prices.
Russia views it as a matter of national security and protection of Russians in Ukraine.
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