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Russian oil price cap to be finalized and implemented under G7 finance ministers’ commitment

( September 2, 2022, 14:26 GMT | Official Statement) -- MLex Summary: The Group of Seven finance ministers today promised to finalize and implement the Russian oil price cap. Such a cap — whose level has yet to be decided — would prohibit the maritime transport of Russian oil if it is not purchased at or below a certain price. The G7 ministers have invited all countries to provide input on the design of the measure, and to join the coalition by implementing it.Statement follows, PDF attached....

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