google.com, pub-9501031967421588, DIRECT, f08c47fec0942fa0 Russia bans oil exports to countries that imposed price cap ~ Bharath Bulletin

Tuesday, December 27, 2022

Russia bans oil exports to countries that imposed price cap

Putin responds to ‘unfriendly’ move by G7, EU and Australia in wake of attack on Ukraine

President Vladimir Putin has delivered Russia’s long-awaited response to a western price cap, signing a decree that bans the supply of crude oil and oil products to nations that impose the cap.

The ban will come into effect on 1 February and last for five months, according to the decree published on Tuesday on a government portal and the Kremlin website.

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