from RT:
The move is in response to a Western coalition price limit on Russia’s seaborne oil exports
President Vladimir Putin on Tuesday signed a decree on retaliatory measures to the West’s price cap on Russian oil exports. It comes in response to the measure from the EU, G7 countries, and Australia, which took effect earlier this month.
TRUTH LIVES on at https://sgtreport.tv/
The presidential decree bans the supply of oil and petroleum products from Russia to countries which apply a price cap in contracts. It also prohibits deliveries if the contracts directly or indirectly specify the cap.
According to the decree, which was published on the portal of legal information, the ban on oil supplies in response to the price cap comes into effect on February 1, 2023 and is valid until July 1, 2023. The date of the ban on the supply of petroleum products will be determined later by the government.
