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Cap on Russian oil prices begins, in pressure campaign on Moscow over Ukraine

Por: Los Angeles Times Business December 05, 2022

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Western countries Monday began imposing a $60-per-barrel price cap and ban on some types of Russian oil, part of new measures aimed at stepping up pressure on Moscow over its war on Ukraine. The European Union, Australia, Britain, Canada, Japan and the United States agreed to the price cap Friday. The move has prompted a rebuff from the Kremlin and also criticism from Ukrainian President Volodymyr Zelensky, whose government wants the cap to be... + full article



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