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Russian oil price cap will give buyers leverage: US official | Economic Times

Russian oil price cap will give buyers leverage: US official https://ift.tt/JGVAkyB price cap plan agreed by G7 wealthy nations calls for participating countries to deny insurance, finance, brokering, navigation and other services to oil cargoes priced above a yet-to-be-determined price cap on crude and oil products. The European Union is looking at an oil price cap to match the one agreed by the G7, diplomats said last month.
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