Putin extends Russian oil ban tied to G7, EU price cap through 2027

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Russian President Vladimir Putin extended the ban on supplying Russian oil and petroleum products subject to the G7 and EU price cap until the end of 2027. The decree continues restrictions originally introduced in February 2023 aimed at limiting exports to certain markets.

Russian President Vladimir Putin extended the ban on supplying Russian oil and petroleum products subject to the price cap introduced by the G7 and the EU until the end of 2027. The ban, originally introduced by Russia in February 2023, was previously in effect until June 30, 2026. The decree prohibits the supply of Russian ...