SAFAKNA TURKEY-Russia requires its exporters to sell oil and oil products to countries that apply price caps. forbidden. The decision will be valid for 5 months, starting tomorrow.
The Russian government has taken new measures to implement President Putin’s Decree of 27 December. The government banned domestic oil exporters and customs authorities from complying with the Western-imposed price ceiling for Russian oil.
As a result of the measures taken, producers of crude oil and petroleum products were banned from exporting to countries that comply with the price limit of the West for a period of 5 months, starting from February 1.
With the enactment of the law, Russian companies and individuals were prohibited from participating in attempts to set an upper limit on oil prices. In addition, the customs authorities were tasked with preventing the export from Russia of goods for which a price restriction mechanism was established.
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