EXPLAINER: What's the effect of Russian oil price cap, ban?

Summary by CTV News

Western governments are aiming to cap the price of Russia's oil exports in an attempt to limit the fossil fuel earnings that support Moscow's budget, its military and the invasion of Ukraine.

EXPLAINER: What's the effect of Russian oil price cap, ban?

11 days ago·Moscow, Russian Federation

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CTV News

EXPLAINER: What's the effect of Russian oil price cap, ban?

Western governments are aiming to cap the price of Russia's oil exports in an attempt to limit the fossil fuel earnings that support Moscow's budget, its military and the invasion of Ukraine.

11 days ago·Toronto, Canada

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Associated Press News

EXPLAINER: What's the effect of Russian oil price cap, ban?

The U.S., Europe and the Group of 7 democracies have agreed to put a price cap on Russian oil exports to other countries. The cap proposed by U.S. Treasury Secretary

11 days ago·United States

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abc News

EXPLAINER: What's the effect of Russian oil price cap, ban?

The deadline is looming for Western allies to agree on a price cap on Russia oil

11 days ago·United States

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KIFI

EXPLAINER: What's the effect of Russian oil price cap, ban? - Local News 8

By DAVID McHUGH AP Business WriterFRANKFURT, Germany (AP) — The deadline is looming for Western allies to agree on a price cap on Russia oil. The cap proposed by U.S. Treasury Secretary Janet Yellen aims to reduce Russia’s oil earnings that support its military and the invasion of Ukraine. But there are questions about how effective the cap will be. The Dec. 5 start date also coincides with the European Union’s embargo on most Russian oil shipme…

11 days ago·Idaho Falls, United States

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Gulf News

What's the effect of Russian oil price cap, ban?

Twin measures could have an uncertain effect on oil price

11 days ago·Dubai, United Arab Emirates

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MY Northwest

EXPLAINER: What's the effect of Russian oil price cap, ban?

FRANKFURT, Germany (AP) — Western governments are aiming to cap the price of Russia’s oil exports in an attempt to limit the fossil fuel earnings that support Moscow’s budget, its military and the invasion of Ukraine. The cap is set to take effect on Dec. 5, the same day the European Union will impose a boycott on most Russian oil — its crude that is shipped by sea. The EU was still negotiating what the price ceiling should be.The twin measures …

12 days ago·Tacoma, United States

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