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The G7 group and its allies have officially approved a cap on the price of Russian oil.
Axar.az reports that in a joint statement, the G7 and Australia said the price cap would come into force on 5 December or "very soon thereafter".
It comes after the European Union agreed on the price cap after persuading Poland to back it.
The plan, which stops countries paying more than $60 (€57; £48) a barrel, needed the agreement of all EU states.
Date
2022.12.03 / 12:56
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Author
Axar.az
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