Putin extended the ban on oil supplies at the price ceiling until the end of the year.

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Russian President Vladimir Putin has signed a decree extending the ban on the supply of oil and petroleum products at the price ceiling. The document is published on the legal information website.

According to it, the duration of retaliatory measures against the marginal prices of Russian oil and petroleum products set by unfriendly states is extended until December 31, 2025.

It is prohibited to conclude contracts that directly or indirectly provide for the use of the price ceiling set by the EU, G7 and Australia.