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G7 agrees to review level of price cap on Russian oil in March, says US

Summary by Ground News
U.S. and European allies agree to move toward instituting price caps on Russian oil products. Oil and gas revenues account for 40% of Russia's federal budget. The country's biggest challenge in 2023 will be the combination of falling energy prices and Russian crude's widening discount.

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  • 77% of the sources lean Right
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Wall Street Journal broke the news in New York, United States on Friday, January 20, 2023.
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