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The Independent UK
The Independent UK
National
Kim Sengupta

UK maritime insurers to play key role in slowing Putin’s oil money

AFP via Getty Images

Britain is to play a crucial role in the western strategy of preventing Russia “profiteering from its war of aggression in Ukraine” through the global sale of oil.

Allies plan to cap Russian oil prices – a move they say will restrict revenue for the Kremlin while still permitting supplies to reach countries that have not imposed import bans, thus avoiding crippling energy shortages.

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