President Vladimir Putin has extended the decree on the application… (нефть · потолок · цена)
President Vladimir Putin has extended the decree on the application of special economic measures in the energy sector in connection with the establishment of some foreign states of a maximum price on Russian oil and oil products, which was set to expire on June 30, 2026, until the end of 2027, according to the published decree.
Consensus
- The ban on exporting Russian oil and petroleum products under the price cap mechanism was extended until the end of 2027
- The decision was made by President Vladimir Putin
- The extension modifies a previous presidential decree from December 2022
- The ban prevents sales to foreign entities if contracts contain a price cap clause set by the G7 and EU coalition
Coverage (2 sources)
- Putin extends ban on supplying Russian oil and petroleum products at the price cap — Вести
- Decree on non-application of the price cap condition for oil extended until the end of 2027 — Интерфакс