Russia bans sales of oil to countries imposing price cap

wsj 5 min read . Updated: 28 Dec 2022, 06:04 PM IST Ann M. Simmons, The Wall Street Journal
A decree signed by Russian President Vladimir Putin said exports would be banned under contracts that 'directly or indirectly provide for the use of the price cap mechanism' between Feb. 1 and July 1Premium
A decree signed by Russian President Vladimir Putin said exports would be banned under contracts that 'directly or indirectly provide for the use of the price cap mechanism' between Feb. 1 and July 1

Action follows G-7 moves barring Western companies from insuring, financing or shipping Russian crude at prices above $60 a barrel

Russia on Tuesday banned the sale of its oil and petroleum products to countries that put a cap on their sales price, in a move that threatened more uncertainty ahead for global energy markets.

OPEN IN APP