MOSCOW, June 26 Vladimir Putin extended retaliatory measures to impose a ceiling on Russian oil prices, a presidential decree was published on the legal information portal.
“To amend the Presidential Decree <…> by replacing the words “until July 1, 2023” in paragraph 9 with the words “until December 31, 2023 inclusive,” the document says.
Oil sanctions The West against Russia entered into force on December 5, 2022: the European Union stopped accepting Russian oil transported by sea, and the G7 countries, Australia and the EU imposed a price limit on it at $60 per barrel. .
In response, the Kremlin banned the supply of Russian oil and oil products abroad if the contracts directly or indirectly provide for a mechanism for fixing the maximum price.
The presidential decree entered into force on February 1, 2023 , its effect extends to all stages of supply up to the end customer.