According to the presidential order released on Tuesday, restrictions on crude oil export measures will take effect on February 1, 2023, valid until July 2023.The restrictions on the export of petroleum products have not been determined, but it will not be as early as February 1.

(Moscow Composite Electric) In order to revenge the upper limit of the implementation of Western oil and petroleum products in the West, the Kremlin announced that it was prohibited from exporting Russian crude oil and refined oil to foreign buyers who followed the price limit, which prompted oil prices to rise.

According to the presidential order issued on Tuesday (December 27), restricting crude oil export measures will take effect on February 1, 2023, and will be valid until July 2023.The restrictions on the export of petroleum products have not been determined, but it will not be as early as February 1.

The presidential order stipulates that restrictions on export measures are applicable to "supply and marketing contracts that adopt the upper limit mechanism in a direct or indirect way", and at the same time, "the ban is effective at all stages, including the final buyer."However, President Putin can be exempted according to individual conditions.

The European Union, the Seventh -way Group (G7) and Australia were agreed in early December to set up the price of $ 60 per barrel of the oil export of Russia.This is to limit Russia's income and ensure that Moscow continues to supply oil for the global market.

Russia's retaliation measures once prompted oil prices to rise, but then fell.The Brent crude oil futures in February closed up 0.5%to $ 84.33 per barrel.

Analysts pointed out that Moscow's latest announcement will not hinder its delivery to importing countries that have not added the upper limit of price.

Bloomberg also pointed out that the overall policy of the Kremlin has avoided the setting of the lower limit of crude oil or prohibiting extreme measures such as the purchase of Russian oil.The market had previously worried that Russia would take extreme retaliation measures to further disrupt global oil supply.

Russia is the second largest oil exporter in the world after Saudi Arabia. If its sales are disturbed, it will have a profound impact on global energy supply.

U.S. EU has stopped buying Russian crude oil

The market price of Ural's Ural crude oil in Russia is currently lower than the upper limit of the 60 US dollars per barrel set by the EU and the Seventh -way Group, which means that despite the implementation limit, most transactions can still be carried out.At the same time, the United States and the European Union have stopped buying Russian crude oil, so the initial impact of Russia's initiative may be relatively limited.

The analyst of the commodity market analysis company Kpler pointed out that Russia "this political order is too vague" and "does not include any countermeasures that Russia had previously hinted before"; at best this is just a framework document.

Putin's decree requires the government to prepare for further legal actions to fight back the western price limit measures.

The Ukraine Russian army fires 33 rockets to Hermon's civilian target

People familiar with the matter revealed earlier this month that Russia will decide whether to take any retaliation measures after observing the upper -quarter of the price limit on the global oil market in the first quarter of 2023, such as setting the lower price limit.

In terms of war, the Ukrainian military said that the Russian army fired 33 rockets to the civilian target of Hermone in the south within 24 hours of Wednesday in the early morning of Wednesday.Russia denies the goal of civilians.

The Russian army withdrew from Hermuson last month. It was the most significant victory in the 11 -month war.However, as the severe winter comes, frontline battles have entered a slow and torment.

Ukrainian military analyst Ridanov said: "The front line has almost no change, but the pressure from the enemy has increased.

Renanov said that Russia deployed more armored vehicles and tanks in the front line, making the battle more intense.