Moscow’s response to oil price cap revealed ...News

Russia Today - Economy
Moscow’s response to oil price cap revealed
source : Russia Today ( News ) () 27
A presidential decree outlining the measures is nearly ready, according to a media report The Russian authorities have “generally agreed” on a response to a Western coalition’s price cap on the country’s seaborne oil that took effect last week, the newspaper Vedomosti reported on Tuesday. Moscow will ban oil sales under contracts that specify a price cap, according to the report, which cites government sources. Also, exports will be banned to countries that demand the price cap as a condition in their supply contracts, or if their reference prices are fixed at the cap price level of $60 per barrel. A decree descri

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