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G-7 joins EU on $60-per-barrel price cap on Russian oil

Por: Associated Press Politics December 02, 2022

WASHINGTON (AP) — The Group of Seven nations and Australia joined the European Union on Friday in adopting a $60-per-barrel price cap on Russian oil, a key step as Western sanctions aim to to prevent price spikes and starve President Vladimir Putin of funding for his .Europe needed to set the discounted price that other nations will pay by Monday, when an and a ban on insurance for those supplies take effect. The price cap, which was , aims to... + full article



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