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Russia has sold nearly all its oil well above the West's price cap
Credit: IndiaTimes- Published on November 23, 2023
Russia successfully sells oil above the Western-imposed price cap of $60 per barrel, with over 99% of oil traded exceeding the ceiling. The price cap, introduced by the EU, G7 countries, and Australia, aimed to curb Russia's ability to finance the conflict in Ukraine. After initial difficulties in finding enough ships for...
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