Russia has banned the sale of oil and petroleum products to Australia in a shock sweeping executive order signed by Vladimir Putin. Australia and other G7 nations earlier this month voted to impose a price cap of $60/b for seaborne crude oil from Russia, following suit with other European nations in response to the invasion of Ukraine. In response, president Putin on Tuesday night announced a sweeping ban on the sale of oil and petroleum to foreign nations who had acted against them. Australia was one of the nations included on the list. The Kremlin order comes into force in February next year, lasting until July 1. ... (full story)