Novak: Procedure to implement Russia’s response to oil price ceiling to be announced after holiday

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Deputy Prime Minister Alexander Novak said that the Russian government has prepared a procedure for implementing the presidential decree on ceiling countermeasures to oil prices from the Russian Federation, which will be released after the holiday. It has been reported DEA News.

“We are currently preparing the Presidential decree implementation procedure, respectively, which will be published in the coming days immediately after the holiday. In this order, we will have a mechanism that implements and follows the decree,” he said.

December 5 entry Due to the embargo on Russian oil adopted by the European Union countries, the G7 and Australia. Since then, the EU has officially stopped importing Russian oil by sea. In addition, the G7 countries and Australia refused to transport and insure Russian oil at a price of more than $60 per barrel.

December 27 Russian President Vladimir Putin signed Decree on retaliatory measures to set a ceiling price for Russian oil. It is understood from the decree that the supply of oil and petroleum products from Russia to countries that set ceiling prices in the contract is prohibited.

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