Russia has hit back at the G7’s attempts to cap gains from the country’s oil revenues, after Vladimir Putin signed a decree banning sales under contracts that comply with the $60 price ceiling imposed by Ukraine’s western allies.
The decree, signed by Russia’s president and published on Tuesday, said the Kremlin would ban the sale of the country’s crude and crude-related products under contracts that “directly or indirectly imply a price cap mechanism”.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased