Friday, November 4, 2022

United States, Allies Agree on Parameters of Russian Oil Price Cap

"According to the report, the price cap will be applied only to initial sales to buyers on the
land of seaborne Russian oil loads, which means that further resales would not fall under the rules. Intermediary sales of Russian oil at sea will also fall under the cap, however Russian oil that has been refined into petroleum products will not be capped." Sputnik

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