Russian President Vladimir Putin extended the duration of… (нефть · цена · потолок)
Russian President Vladimir Putin extended the duration of retaliatory measures against Western price caps on Russian oil and petroleum products until December 31, 2027. The measures prohibit exports of Russian oil and petroleum products to foreign entities when the contracts include a price cap mechanism.
Consensus
- The extension of the retaliatory measures on Russian oil and petroleum product exports was signed by President Vladimir Putin.
- The new end date for the measures is December 31, 2027.
- The measures were originally introduced in response to Western price caps on Russian oil and petroleum products.
- The previous expiration date was June 30, 2026.
- The measures apply to all stages of supply chains up to the final buyer.
Points of divergence
- The measures were first introduced in February 2023, and were previously extended to June 30, 2026. — kommersant
- The price cap on Russian oil was set by the EU on December 3, 2022, and the mechanism was implemented on December 5, 2022. — vedomosti
- The measures were initially intended to last from February 1 to July 1, 2023. — vedomosti
- Russia is considering a complete ban on diesel fuel exports, which would be temporary, lasting several months. — vedomosti
Coverage (2 sources)
- Putin extends the duration of retaliatory measures on the price cap on Russian oil — Коммерсантъ
- Putin extends the deadline for retaliatory measures on the price cap on Russian oil — Ведомости