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Putin authorizes oil supplies to friendly countries
Last Updated: 2023-05-01 07:56 | Xinhua
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VLADIVOSTOK, April 29 (Xinhua) -- Russian President Vladimir Putin has authorized oil and oil product supplies to friendly countries under contracts signed before Feb. 1, according to a decree published on Friday.
 
The decree, which takes effect from Friday, amended a previous one Putin signed at the end of last year that banned Russian oil and oil product supplies to foreign entities if their contracts directly or indirectly involved a price cap imposed by Western countries.
 
In December 2022, the European Union placed a price cap of 60 U.S. dollars per barrel on Russian seaborne crude oil, which was joined by the Group of Seven and Australia. 

(Editor:Fu Bo)

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Putin authorizes oil supplies to friendly countries
Source:Xinhua | 2023-05-01 07:56
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