“This ban applies to any transactions with Russian oil, up to the end consumer, which implies, among other things, the refusal to work with traders who do not comply with this provision of the decree,” the department explained.

On December 27, Putin signed a decree on retaliatory measures to the introduction by the United States and other countries of the ceiling on the price of Russian oil.

The head of state has banned the supply of oil and oil products from Russia to those who prescribe the maximum price for Russian energy resources in contracts.

Detailed information on how to apply the decree of the President of Russia on the response to the price ceiling will be published in the near future.