MOSCOW: Russian President Vladimir Putin (pix) has issued a decree banning oil exports from February to countries that have adopted a price cap on the commodity.Supplies of Russian oil and oil products to foreign companies and individuals are banned if the contracts “directly or indirectly incorporate the mechanism for fixing a price cap”, the document published on Tuesday said, reported German Press Agency (dpa).An EU regulation - supported by the Group of Seven (G7) leading economies - has been in place since the beginning of December to force Russia to sell oil for a maximum of US$60 per barrel (159 litres) to buyers in other states. The cap will be up to US$9.50 below the most recent mar
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