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G7 discusses slashing Russian oil price cap, complete ban, Bloomberg reports

Summary by The Kyiv Independent
The G7 countries are considering tightening the price cap on Russian oil, Bloomberg reported on Dec. 19, citing its sources.The move comes as Russia's fossil fuel industry remains a primary source of funding for its war against Ukraine.Discussions reportedly include lowering the current $60-per-barrel cap to approximately $40 or even implementing a complete ban on Russian oil supplies. While talks are ongoing, no consensus has been reached, acco…
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