Russia bans selling oil to countries imposing price cap

27/12/2022 Argaam

Russia bans selling oil to countries imposing price cap

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Russia banned the export of oil and oil products to the countries that adhere to price caps.
 

President Vladimir Putin issued a decree today to ban oil sales to countries and companies that comply with a price cap as of Feb. 1, 2023.

 

The European Union (EU), G7 nations and Australia introduced a $60 per barrel price cap on Russian oil over its invasion of Ukraine, Argaam earlier reported.

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