OREANDA-NEWS The decree on special economic measures in the fields of finance and fuel and energy sector was extended until the end of 2025 due to the actions of unfriendly countries and organizations. The document was published on the official portal of legal information, it was signed by President Vladimir Putin.

This decree, signed in August 2022, banned transactions with shares in strategic companies in Russia for holders from unfriendly states. Previously, its validity was extended until the end of 2023.

This applies if: the company operates in the field of energy, engineering and trade; other countries have imposed sanctions on the Russian beneficiary; foreigners from unfriendly countries own a share of no more than 50%; the company's revenue over the past year exceeds 100 billion rubles.

Putin also signed a decree extending the response to the introduction of a ceiling on prices for domestic oil and petroleum products until June 2024, it was valid until the end of 2023.

The price ceiling for Russian oil was introduced by the G7 countries, it has been in effect since December 5, 2022 and is $ 60 per barrel. If oil is sold more expensive, then companies from the G7 countries cannot provide services accompanying its transportation.