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    G7 moves closer to backing price cap on Russian oil

    June 29, 2022
    G7 moves closer to backing price cap on Russian oil

    News The Group of Seven (G7) countries are moving closer to endorsing a price cap on Russian oil — an untested plan that would seek to limit the Kremlin’s profits from selling the commodity worldwide. The idea has been floated in recent weeks as the United States and its allies search for ways to further squeeze…
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