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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Asian shares gain, oil prices up after Russia price cap deal

Oil United States Russia European Union Group of Seven Inflation Economy Euro Europe
Copyright 2022 The Associated Press. All rights reserved

Asian shares were mostly higher and oil prices rose Monday after the European Union and the Group of Seven democracies agreed on a boycott of most Russian oil and a price cap of $60 per barrel on Russian exports.

Hong Kong’s benchmark jumped 3.7% and the Shanghai Composite added 1.6%.

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