The amendment extends the ban on the sale of oil and petroleum products until December 31, 2024, in cases where the contracts use the price cap mechanism.
Events
Executive Order on special economic measures in the fuel-and-energy sector in response to the price cap on Russian oil and oil products established by some foreign states extended until December 31, 2024
The President signed Executive Order On Amendments to Presidential Executive Order No 961 of December 27, 2022, On Special Economic Measures in the Fuel-and-Energy Sector in Response to the Price Cap on Russian Oil and Oil Produces Established by Some Foreign States.