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Kremlin Drafting Decree Prohibiting Oil-Sales To Price-Cap Participants

RUSSIA
  • Reports suggest the Kremlin is drafting a presidential decree that intends to forbid Russian companies and any traders buying the nation’s oil from selling it to anyone that participates in a price cap, according to a person with knowledge of the matter.
  • The decree will prohibit dealings with both companies and countries that join the price-cap mechanism. (Bloomberg)

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