Bank Of Baku

Putin renews ban on sale of Russian oil at price ceiling

Putin renews ban on sale of Russian oil at price ceiling
# 26 June 2023 18:19 (UTC +04:00)

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, APA reports citing TASS.

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.

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