Putin extended ban on oil supplies under price ceiling
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Russian President Vladimir Putin has extended Russia’s response measures in connection with the establishment of a maximum price for Russian oil and petroleum products. The corresponding document was published on the official Internet portal of legal information.
The decree, effective from February 1, 2023, prohibits the supply of Russian oil and petroleum products under contracts that directly or indirectly provide for the use of a price ceiling announced by the G7 countries, the European Union and Australia.
The measures are extended until June 30, 2024.
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