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EXPLAINER: What's the effect of Russian oil price cap, ban?

Por: ABC News World December 02, 2022

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FRANKFURT, Germany -- Western governments are aiming to cap the price of Russia's oil exports in an attempt to limit the fossil fuel earnings that support Moscow's budget, its military and the invasion of . The cap is supposed to take effect Monday, the same day the European Union will impose a boycott on most Russian oil — its crude that is shipped by sea. The EU was moving closer to a $60-per-barrel threshold, but negotiations were... + full article



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