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Western oil price limit on seaborne exports to Russia takes effect

Views: 0     Author: Site Editor     Publish Time: 2022-12-06      Origin: Site

The Group of Seven, Australia and the European Union have set a price cap of US$60 per barrel on crude oil exported by sea from Russia, which will take effect on December 5. With an adjustment mechanism, this price ceiling is 5% lower than the market price.

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