Live Update 
From the Liveblog of
Tuesday, December 27, 2022
From the Liveblog of
Tuesday, December 27, 2022
Russia to ban oil exports to some Western countries starting in February
This file photo from April 2, 2022, shows the PCK Industrial Park which houses the PCK Oil refinery, one of the Rosneft's German subsidiaries, just outside Schwedt, some 110 kilometers (68 miles) north of Berlin, northeastern Germany. (John MacDougall/AFP)
Russia issues a decree to ban oil sales to countries and companies that comply with a price cap agreed upon by Western nations in response to Moscow’s offensive in Ukraine.
“The supply of Russian oil and oil products to foreign legal entities and individuals is prohibited if the contracts for these supplies” are using a price cap, the presidential decree says, adding that it will be in effect from February 1 until July 1.
