Putin extended the ban on the supply of oil and petroleum products to Russia under the price ceiling

Russian President Vladimir Putin has extended the ban on the supply of Russian oil and petroleum products at set marginal prices until June 30, 2026. The relevant document was published on December 15 on the official Internet portal of legal information.

According to the document, amendments are being made to presidential decree No. 961 dated December 27, 2022 "On the application of special economic measures in the fuel and energy sector in connection with the establishment by some foreign countries of the maximum price for Russian oil and petroleum products."

Quota status: OPEC+ has decided to maintain its oil production policy until the end of the year

In December, the G8 will increase production by 137 thousand barrels per day, and in the first quarter of 2026 it will suspend the increase.

In mid-September, the Japanese Ministry of Trade, Economy and Industry announced that the country was lowering the threshold for importing crude oil from Russia from $60 to $47.6 per barrel. In addition, Japan has imposed restrictions on payments and capital transactions, and special permits will now need to be obtained to make them.

All important news is on the Izvestia channel in the MAX messenger.