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The U.S. Treasury Department said on Friday that Group of Seven (G7) officials have agreed to review the price cap level on Russian oil exports in March, later than originally planned, in order to give time to assess the market after more caps are placed on Russian oil products.
As part of Western sanctions on Russia, the G7 economies, the European Union and Australia agreed on December 5, 2022 to ban the use of Western-supplied maritime insurance, finance and brokering for sea-borne Russian oil priced above $60 per barrel.
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466