Putin Bans Russian Oil Sales to Countries that impose Price Cap December 27, 2022 Unipro2013main Geo Politics, Geopolitics, News, Politics, World Politics - Geopolitics </p> <h2>Russia’s long-awaited response to a Western Price Cap</h2> <p> President Vladimir Putin on Tuesday delivered Russia’s long-awaited response to a Western price cap, signing a decree that bans the supply of oil and oil products to nations participating in the cap from February 1 for five months.<br /> This month the European Union, G7 and Australia agreed on a $60 per-barrel cap on Russian crude oil.<br /> It is one of a series of measures aimed at cutting the Kremlin’s revenue streams, as the war in Ukraine continues.</p> <p>Thomas O’Donnell is an Energy Analyst and Lecturer at Hertie School of Governance.<br /> He joins us via Skype from Berlin for the latest updates.<br /> <br /> Credit to : Al Jazeera English</p> <p> Please support our Sponsors here :
