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EU Drops Plan to Stop Tankers Moving Russian Oil Anywhere

  • Important ban on oil-tanker insurance remains on the table
  • Ban on vessels needs international coordination, documents say
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G-7 Leaders Commit to Banning Imports of Oil From Russia
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The European Union is set to soften its sanctions package on Russian oil exports after a weekend of wrangling, though it aims to keep a key shipping provision that will hinder Moscow’s ability to export its crude.