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Kremlin Still Formulating Price Cap Response

OIL

The Kremlin is still working on a response to the G7 $60/bbl price cap on Russian oil according to TASS reports.

  • Russia had originally planned to publish a presidential decree outlining its response - including a possible ban on selling oil to countries that comply with the cap - last week.
  • "We still have the task of working out what measures will best suit our interests. The work is ongoing, but it is close to completion." Kremlin spokesman Dmitry Peskov said.
Energy BulletsCommodities
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