Russia will ban from February 1, 2023 the sale of its oil to foreign countries that use the cap on the price of Russian black gold, set at the beginning of December at 60 dollars per barrel by the EU, the G7 and Australia.

“The delivery of Russian oil and oil products to foreign legal entities and other individuals is prohibited” if they use the ceiling price, is it written in a decree signed Tuesday by Russian President Vladimir Putin.

More details to come...