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Canada: We intend to restrict Russia's war efforts by lowering the price cap for seaborne Russian-origin crude oil from $60 to $47.60 per barrel.
Canada Plans To Limit Russia's War Efforts By Dropping Price Cap For Russian Crude Oil From US$60 To US$47.60 Per Barrel 🛢️🌐🇨🇦
Canada Plans To Limit Russia's War Efforts By Dropping Price Cap For Russian Crude Oil From US$60 To US$47.60 Per Barrel
Canada said it intends to tighten sanctions on Moscow by cutting the price cap on seaborne Russian crude oil to US$47.60 a barrel from the current US$60 level. Ottawa described the move as part of efforts to curtail the Kremlin’s revenue from energy exports that help finance its war in Ukraine. Details on the implementation date and coordination with Group of Seven partners were not immediately disclosed.
