Russia Bans Oil Export on Countries with Gas Price Cap

PeoplePoliticians ♦ Published: December 27, 2022; 21:32 ♦ (Vindobona)

Russia has responded to the west’s decision to cap gas prices as a measure to brake the rising energy prices. This was an expected move as Russian President Vladimir Putin has criticized this cap numerous times.

According to Reuters, Russian President Vladimir Putin today gave Russia's long-awaited response to a Western price cap, signing a decree banning the supply of oil and petroleum products to countries participating in the cap for five…