G7, Australia to keep Russian oil trade services below price cap

Crude oil price cap to be introduced on December 5 or “very soon after”.

October Sea transport exports of Russian crude rise to almost pre-war levels

The G7 and Australia, its current member of the price cap coalition, agreed on December 2 on a $60/b cap for seaborne crude oil of Russian origin, the G7 and Australia said in a late December 2 joint statement of unanimous…

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