Last Updated: October 19, 2026

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  • Tag: Western oil price cap

    Russia extends countermeasures against Western oil price cap

    Moscow: Russian President Vladimir Putin has signed a decree to extend the country’s retaliatory measures against the Western-imposed price cap on Russian oil until June 30, 2025. This decree, published recently, follows an initial order issued on December 27, 2022, which prohibited the export of Russian oil and petroleum products under contracts that adhered to.