President Vladimir Putin has extended the decree on the application…
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