Russia bans oil exports to Western countries that set a ceiling on Russian oil prices, President Putin signs a decree.
According to the decree of Russian President Putin, the countries that will set the price limit of Russian oil will not export Russian crude oil and Russian oil products.
According to Russia government spokesperson ” The ban on Russian oil exports to such countries will come into effect on February 1, 2023, and will continue until July 1, 2023.
In response to Russia’s attack on Ukraine. This month, the European Union, the Group of Seven and Australia agreed to set Russian oil prices at $60 a barrel.