Russia warns it will cut off oil supply after countries vote for $60-per-barrel price cap

Per CBS News: On Friday, numerous countries including US, Canada, Britian and 27-block EU agreed to $60 barrel oil cap.

It is supposed to take place Monday.

Russia said, through Dimtry Peskov, that it would not accept price ceiling. CBS stated that it will cut off supply.

Mikhail Ulyanov, Russia's correspondent in Vienna, said: From this year, Europe will live without Russian oil.