https://sputnikglobe.com/20230626/putin-extends-response-measures-to-russian-oil-price-cap-until-year-end-1111471948.html

Putin Extends Response Measures to Russian Oil Price Cap Until Year-End

Putin Extends Response Measures to Russian Oil Price Cap Until Year-End

Sputnik International

Russian President Vladimir Putin has extended response measures to the oil price cap imposed by the Western nations until the end of 2023, according to a decree published on Monday.

2023-06-26T13:10+0000

2023-06-26T13:10+0000

2023-06-26T13:45+0000

russia

russian economy under sanctions

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The response measures were set to expire on July 1, but the Monday decree now indicates a new deadline of December 31.Following the launch of Russia’s special military operation in Ukraine last year, the United States and its allies imposed a large number of economic sanctions against Russia, including ones targeting Russian energy exports.Claiming the need to cut Moscow’s revenues from exporting oil, the US and EU moved to impose a $60 per barrel price cap on Russian oil, threatening to punish parties who would purchase oil from Russia at a higher price.In response, Russian Deputy Prime Minister Alexander Novak warned that Russia would not trade its oil with any country who would adopt any such price cap measure, while Russian President Vladimir Putin stated that Russia would not supply anything abroad if it contradicted its own interests.

https://sputnikglobe.com/20221202/eu-reaches-agreement-on-price-cap-on-oil-from-russia-at-60-per-barrel-1104982333.html

2023

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russian economy under sanctions, russian ecomomy, oil prica cap