Russian President Vladimir Putin signed a decree on Tuesday banning oil supplies to countries that have introduced price caps on Russian oil and petroleum products, according to the decree published on the Kremlin’s website – a move that may prove to be largely symbolic. Earlier this month, Western countries implemented a price cap on Russian crude oil at $60 a barrel, a policy aimed at Moscow’s remaining oil customers.
“Supplies of Russian oil and oil products to foreign legal entities and individuals are prohibited, provided that the contracts for these supplies directly or indirectly provide for the use of a price fixing mechanism,” Putin said in his decree. “The established ban applies at all stages of supplies to the final buyer.” The ban on oil supplies under the price ceiling will go into effect February 1 and is valid until July 1, 2023.
Greats! Soon he will only supply his own country! … right pocket to left pocket!
He should use his petroleum to wash his gut
US President Biden and other G7 signed a decree on Russia oil price cap-- a move that may prove to be largely symbolic.
A fantastic opportunity for Middle men to make money.
Russia leveraging on it's energy powerhouse to whip the West and it's allies on to the line. Sanction me and you freeze to Zero.
So much respect for a spineless autocratic while our MAESTRO in office get heckle left and right
We need too free ourselves from foreign and domestic oil, gas period . Let’s do it now .
Russia is not in a position to impose conditions for anything. Begging weapons to Iran, North Korea show how weakness Russia became.
5⁵66
Meanwhile all those who think he's a cowardly tosspot, seem to fall out of windows and their families disappear.
'symbolic' 😂😂
It's laughable to think the world will stop buying Russian oil because ABC orgs said to.