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Switzerland adopts EU price cap on Russian oil, petroleum products

( December 16, 2022, 15:05 GMT | Official Statement) -- MLex Summary: Switzerland's Federal Council adopted further sanctions against Russia, in line with the latest measures by the European Union, which agreed on Dec. 3 to apply new sanctions relating to a price cap on Russian crude oil and petroleum products. This extends the ban on transporting such products sold above the price cap to trade and brokering services. The Swiss measures will take effect at 6 p.m. on Dec. 16.Statement follows beow:...

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