[Putin Signs Presidential Decree to Extend Countermeasures Against Western Oil Price Cap on Russia] According to Golden Finance, on June 27, Russian President Vladimir Putin signed a presidential decree extending the ban on the supply of Russian oil and petroleum products subject to the price cap set by the Group of Seven (G7) and the European Union until December 31, 2027. The ban was originally set to expire on June 30. Under the new decree, if contracts for the supply of Russian oil and its products directly or indirectly stipulate a price cap mechanism, the supply of related products to foreign legal entities and individuals is prohibited. The ban applies to all stages of delivery. This presidential decree, aimed at countering the oil price cap, came into effect on February 1, 2023, and its validity has been extended multiple times. (CCTV News)