Free Trial

Russia Is Finalising Its G7 Oil Price Cap Response


The Russian government is currently finalising the response to the G7/EU price cap on Russian oil exports, sources told Vedomosti.

  • According to the draft decree, Russia will not sell crude oil to countries that have joined the price cap on Russian crude oil exports or, if the price cap is a condition in the contract or the reference price is equal to the price cap of $60/bbl.
  • The decree will be valid until 1 Jul 2023 and will apply for sales after 5 Dec.
  • The document is currently being finalised in the presidential administration.

To read the full story


MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.