Putin extends ban on Russian oil exports under price cap through end-2027
The document prohibits supplies of Russian oil and petroleum products to foreign legal entities and individuals if contracts for such supplies directly or indirectly provide for the use of a price cap mechanism
Russia has extended its ban on supplying oil and petroleum products to foreign entities. This prohibition applies when contracts involve the direct or indirect use of a price cap mechanism. The ban is now in effect through the end of 2027.
- Supplies of Russian oil and petroleum products are prohibited to foreign legal entities and individuals.
- This prohibition applies if contracts for these supplies involve a price cap mechanism, directly or indirectly.
- The ban is extended through the end of 2027.
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