Europe’s new sanctions on Russian oil kick in with USD 60 price cap
The EU agrees on a USD 60 price cap for Russian crude oil, and the G7 members along with Australia quickly followed suit. What will the price mean for global markets?
BY ALEX LONGLEY, BLOOMBERG
After months of planning and negotiations, the biggest tranche of sanctions on Russian oil to date take effect on Monday. How big their impact will be remains uncertain.
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