Russian President Vladimir Putin responded to the sanctions against the G7 = seven major countries, etc., which set a ceiling price for international trading of Russian crude oil. Signed an executive order banning exports to sanctioned countries.



Russia seems to be aiming to check the West, which is in conflict over a military invasion of Ukraine.

Against Russia, which continues its military invasion of Ukraine, this month (December), the G7, Australia, and the EU (European Union) set the upper price limit for international trading of Russian crude oil to $60 per barrel. We have started new sanctions such as setting



In response to this, Russian President Vladimir Putin signed a presidential decree on the 27th banning the export of Russian crude oil and petroleum products to countries that have imposed sanctions.



This measure will be implemented after February 1, 2023 and will continue until July 1.



Prior to this, Russia's Finance Minister Siluanov said at a press conference that the fiscal deficit next year could exceed GDP = 2% of the gross domestic product, and expressed a sense of caution against the current situation where sanctions by Europe and the United States are intensifying. I was.



On the other hand, President Putin held an unofficial summit meeting of the CIS = Commonwealth of Independent States made up of former Soviet countries in the second city of St. Petersburg for two days until the 27th.



In line with this, during a meeting with Belarusian President Lukashenko on the 27th, Putin said, "It's a good environment to talk about important issues. We always have the opportunity to make the necessary decisions." He expressed his expectation for the further strengthening of bilateral relations.



In addition, the Russian presidential office has said that it is coordinating a meeting between President Putin and Chinese President Xi Jinping this week, and wants to further strengthen cooperation with friendly countries to compete with the West.