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The Times of India
The Times of India
Business
TIMESOFINDIA.COM

Russia oil price cap comes into force: How will it impact India

NEW DELHI: The Group of Seven (G7) nations, the European Union and Australia imposed a $60 per barrel price cap on Russian seaborne crude oil, with effect from Monday.

The price cap came on top of a European Union embargo on import of Russian crude by sea and similar pledges by the United States, Canada, Japan and Britain.

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