Decree on the ban on the supply of oil and oil products under the price ceiling will come into force on February 1

This is stated in a document published on the Kremlin website.

The decree will be valid until July 1, 2023.

It is noted that the ban on oil supplies under the price ceiling will be applied from the date the document comes into force.

At the same time, the ban on the supply of petroleum products will be applied from a date to be determined by the Russian government.

On December 27, the Russian leader signed a decree on retaliatory measures to impose a price ceiling on Russian oil.