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U.S. Treasury official says Russian oil revenues are falling because of the price cap
The Group of Seven countries, Australia and the European Union placed a $60 per barrel limit on sea-borne Russian crude oil sales late in 2022.
The alliance will extend sanctions on Russia for its war in Ukraine by putting a price cap on its oil products, such as gasoline and diesel, on February 5.
A US Treasury official has updated on the impact so far.
- did not put a figure on estimated Russian revenue losses
- says that the cap has increased shipping costs on... Read More
Posted: Jan 11 2023, 22:58
Author Name: forexlive
Views: 110659