Russian President Vladimir Putin signed the decree. As of February 1, 2023, Russia bans oil exports to countries with a cap on crude oil prices.
Responsive measure Limit of 60 dollars per barrel to Russian crude oil European Union, G7 and Australia It will be valid until 1 July due to Russian military action in Ukraine.
In the case of petroleum products, the date of the ban will be decided by the Russian government, but certainly not before next February.
Decree of Russia It will not comply with the oil supply for natural or legal persons in contracts that include “direct or indirect” price limit determination mechanisms.
“The ban will be valid for the entire period” procurement stages to the final buyer“, he emphasizes.
measures are taken “for hostile acts contrary to international law” taken by the United Statesforeign countries and other organizations, document notes.
He adds that the purpose of the decree is s.To protect the national interests of Russia.
“Colonial Atavism”
At the same time, the President of Russiait reserves the possibility of introducing exceptions through a “special decision”.
Last week, Putin defined the price cap as: “a colonial patriarchy”, Despite the denial that Russia will lose money for it.
“They are used to stealing. But the world has changed and it will be difficult for them to do that today,” he said.
It also warned: artificially limited prices could “destroy” the international energy market, because reduced investment in the sector can reduce supply, causing prices to skyrocket, and it is precisely those who want to implement such mechanisms will pay.
PreviouslyRussia has warned it could cut oil production by 5 to 6 percent early next year.
“We are prepared to partially reduce the implications. We may have a reduction of 500,000 to 700,000 barrels per day at the beginning of next year,” Russian Deputy Prime Minister Alexander Novak told state television.