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Group of Seven Agrees to Expand Sanctions on Russian Oil Industry

  • 📰 WSJ
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  • 2 min. at publisher
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  • News: 10%
  • Publisher: 63%

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The European Union agreed to cap the sales price of premium Russian petroleum products such as diesel at $100 a barrel and limit low-value ones such as fuel oil to $45 a barrel

U.S.

gas prices have been up and down throughout the year and now more uncertainty is on the horizon as a European Union embargo on Russian oil imports kicks in along with a price cap on crude out of Russia. WSJ explains how these moves could impact prices at the pump for Americans. Illustration: WSJ

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 /  🏆 98. in KR
 

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Oh yeah $100 a barrel will really hurt them. Costs $30/ barrel to drill😂🤣

There's probably lots of evasion, but this sanction on oil is very promising. After the war it could be modified to coerce reparations from Russia, maybe paid in oil and gas.

RusEmbEst AmbRusFrance RussianEmbassyC RusEmbUSA Rusembchina MedvedevRussiaE 🇷🇺😰😰😰😰😰😰😰😰

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