(Adds details, background)
MOSCOW, April 28 (Reuters) - Russian President Vladimir
Putin signed a decree exempting the current contracts with
so-called "friendly" countries and companies from his ban on
Russian oil sales imposed in response to price caps, according
to the government's website.
Putin in December signed a decree that banned the supply of
crude oil and oil products from Feb. 1 to nations that abide by
the cap.
The Group of Seven major powers, the European Union and
Australia agreed to impose a $60-per-barrel price cap on Russian
seaborne crude oil from last Dec. 5 in response to Moscow's
"special military operation" in Ukraine.
Putin on Friday signed amendments to his December decree to
exempt current supply contracts with companies and nations who
Russia does not consider "unfriendly".
Russian oil production and exports have held up despite
sanctions as the country has rerouted its oil exports to China
and India from its traditional supply markets in Europe.
(Reporting by Vladimir Soldatkin; Editing by Hugh Lawson)
@vsoldatkin;))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.