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EU agrees on price cap for Russian oil over Ukraine war

October 5, 2022

Via: ABC News
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European Union countries agreed on Wednesday to impose new sanctions on Russia after it illegally annexed four regions in Ukraine, according to an EU official, including an expected price cap on Russian oil.

EU member-state diplomats struck the deal in Brussels, said the official representing the Czech Republic, which holds the 27-nation bloc’s rotating presidency.

No details of the sanctions were immediately released. They will be published as soon as Thursday.

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