Putin renews ban on sale of Russian oil at price ceiling

MOSCOW: Russia’s tit-for-tat measures in view of the price ceiling set for Russian oil and petroleum products are extended until December 31...


MOSCOW: Russia’s tit-for-tat measures in view of the price ceiling set for Russian oil and petroleum products are extended until December 31, 2023, according to the decree of President Vladimir Putin posted on the official web portal of legal information.

According to the document, supplies of Russian oil and petroleum products are prohibited on condition that contracts for such supplies stipulate directly or indirectly the use of the price cap introduced by Western countries.

The decree was initially carried into effect since February 1, 2023 and was due to expire on July 1 of this year.


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Local Glob: Putin renews ban on sale of Russian oil at price ceiling
Putin renews ban on sale of Russian oil at price ceiling
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