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Ukraine’s Allies Agree on Russian Oil Price Cap

Por: The New York Times Business December 03, 2022

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An elaborate United States-led plan to limit what Russia can charge for its oil exports is set to cap the price of Russian crude at $60 a barrel, the Group of 7 nations agreed on Friday. The threshold, which was settled on after protracted negotiations among European Union diplomats, is likely to make a small dent in the Kremlin’s energy revenue and, the White House hopes, help avert a global oil shock.The deal was heralded by the E.U.’s... + full article



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