Teller Report

Vedomosti: Russian authorities have decided on the answer to the oil price ceiling

12/13/2022, 9:10:04 AM

The Russian authorities have decided on the form of response to the price ceiling for Russian oil. According to Vedomosti, citing a source, the draft presidential decree is generally agreed upon. According to the document, it is forbidden to sell oil if the contract specifies a country that has joined the ceiling as a recipient, if the ceiling appears as a condition in the contract, or reference prices equal to the ceiling are set. Also in the document there is a clause that allows you to byp


According to Vedomosti, citing a source, the draft presidential decree is generally agreed upon.

According to the document, it is forbidden to sell oil if the contract specifies a country that has joined the ceiling as a recipient, if the ceiling appears as a condition in the contract, or reference prices equal to the ceiling are set.

Also in the document there is a clause that allows you to bypass any prohibitions on transactions, but with the permission of the government.

Earlier, Russian President Vladimir Putin said that a document with specific measures in response to the introduction of a ceiling on Russian oil prices would be published in the coming days.

The Russian leader also called the decision to introduce a ceiling on prices for Russian oil stupid.