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Russian President Vladimir Putin has issued a decree imposing a ban on the export of Russian oil and petroleum products to countries and organizations that comply with the agreed-upon US$60-per-barrel price cap. The ban, effective from February 1 to July 1, targets those adhering to the cap established by Australia, the European Union, and G7 member states. This move adds further complexity to global energy dynamics and highlights Russia's response to the ongoing price regulations.
Monday, 26 December, 2022