Putin expanded his reaction to Russia’s oil price ceiling 18:43

Russian President Vladimir Putin extended the price ceiling ban on the supply of oil and petroleum products from the Russian Federation until December 31, 2024. The decree was published on: portal Official publication of legal regulations.

Document instructing the amendment of the Presidential Decree dated December 27, 2022 “On the implementation of special economic measures in the fuel and energy sector in connection with the establishment by certain foreign states of maximum prices for Russian oil and oil products”, decree from June 30, 2024 to December 31, 2024 .

On June 8, Rosneft Chief Executive Igor Sechin in St. At the Energy Panel during the St. Petersburg International Economic Forum statedThe high tax burden and exorbitant interest rates have an impact on the work of the Russian oil industry.

Seçin said that the creation of reserves by Western and Middle Eastern companies, including the increase in production capacity, could be an expectation of serious changes in the global oil market.

end of may reportedIt was observed that Russia’s oil exports increased in supply in the week until May 19.

Previously in the West knownThe price ceiling for Russian oil does not work.

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Source: Gazeta

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