Vedomosti announced the approval of the draft presidential decree on the response to the price ceiling
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Newspaper Vedomosti citing a source, she said that the draft decree of Russian President Vladimir Putin, which will be a response to the ceiling on prices for Russian oil introduced by Western countries, was generally agreed upon. Its effect will not affect relationships that arose before December 5.
The draft decree, according to the newspaper, prohibits the sale of oil:
- if the recipient is a country that has joined the price ceiling;
- if the ceiling appears as a condition in the contract or prices equal to the ceiling are set ($60 per barrel).
Also, with the permission of the government, it will be possible to bypass any prohibitions on transactions. It is planned that the decree will come into force from the moment of publication and will be valid until July 1, 2023 with the possibility of extension. All details, including monitoring of compliance with the ban and a list of countries, will have to be prescribed by the government.
The news is being added.
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